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U.S. Natural Gas Inventories Show Slower Growth Over the Week
U.S. Energy Information Administration data shows that natural gas inventories rose by 41 billion cubic feet for the week ending July 10, reaching 3,024 billion cubic feet. This was below expectations, which predicted an increase of 44 billion cubic feet. This slower inventory growth reflects weak demand for gas during the summer, compared to the same period last year when inventories stood at 3,045 billion cubic feet. This indicates a decline in natural gas consumption during the summer season due to the absence of heating needs—a typical seasonal pattern that highlights the continued weak demand for gas in the U.S. market during this period.
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