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Natural Gas Futures Retreat Ahead of Storage; Cash Up as Market Eyes MVP Start — MidDay Market Snapshot - Natural Gas Intelligence

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Natural Gas Futures Retreat Ahead of Storage; Cash Up as Market Eyes MVP Start - MidDay Market Snapshot

Natural gas futures’ rally to their highest level since January stalled as traders shrugged off the largely anticipated news of Mountain Valley Pipeline LLC (MVP) winning federal approval to begin operations, and instead squared books through midday trading Wednesday.

Here’s the latest:

- July Nymex futures down 9.8 cents to $3.031/MMBtu as of 2:05 p.m. ET
- Bullish U.S. Energy Information Administration (EIA) storage print expected Thursday
- Production down, LNG exports up

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