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US natural gas futures held near a three-week low on Friday as mild weather forecasts and ample storage offset lower output and near-record LNG feedgas. The front-month contract was down about 5% on the week, and the March-April spread neared a record low.
Ample storage and mild weather point to weak near-term natural gas demand and lower energy costs for feed processors. A narrowing winter spread signals traders see little supply risk into the heating season.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.