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Natural gas trading range for the day is 196.2-200.6. Natural gas dropped on profit booking as the market took a break after jumping the previous day on a smaller-than-expected weekly storage build. That build was less than the five-year normal for the week for the first time in May and is expected to be followed by another smaller-than-usual build in federal report. Production in the Lower 48 states has averaged a record 79.3 billion cubic feet per day (bcfd) over the past 30 days.
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