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Natural Gas Prices Fall on Light Demand

Wall Street Journal Markets •
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U.S. natural gas futures dropped 2.4% to $3.154 per million British thermal units as weekend demand expectations remain weak. The market continues to monitor geopolitical tensions in the Middle East and their impact on liquefied natural gas exports from the Persian Gulf region. Weather forecasts predict minimal heating or cooling needs through the weekend.

Analysts note that the conflict in the Middle East has created uncertainty around global gas supplies. The loss of production from the Persian Gulf has kept traders on edge, with some fearing potential supply disruptions. Volatility is expected to continue as markets react to any breaking developments in the region.

NatGasWeather.com warned that news from the conflict zone could trigger significant price swings when trading resumes Sunday. The combination of light demand and geopolitical risks has created a cautious trading environment ahead of the weekend.