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Nearly July natural gas futures traded to a low at $2.305 per MMBtu on June 6 as the price fell to its lowest level since 2016. The energy commodity moved to a peak at $4.929 per MMBtu last November as the seasonal of withdrawals from storage was just getting underway, which was the highest price since 2014. At just over $2.30, the price was less than half the level it had traded at only seven months ago.
The move below the $2.50 level was a technical breakdown in the natural gas futures market as the