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The most recent US Energy Information Administration (EIA) Weekly Natural Gas Storage Report, which showed a notable *** billion cubic feet (Bcf) increase in underground storage for the week ending May **, ****, caused natural gas prices to sharply decline this week. The build surpassed market forecasts and indicates strong supply levels as the summer approaches.
According to the EIA, the total amount of working gas in storage in the Lower ** states is currently *,*** Bcf, which is only **.* per cent less than the *,*** Bcf.
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