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Natural Gas Falls as Holiday Weekend Keeps Volume Low

Natural-gas futures skidded lower Friday, retreating from a three-week high as investors moved to lock in profits ahead of the Memorial Day weekend.Natural gas for June delivery settled 2.4 cents lower, or 0.6%, at $4.237 a million British thermal units on the New York Mercantile Exchange.Futures fell amid low trading volume ahead of the long Memorial Day weekend in the U.S. Fewer than 60,000 contracts changed hands as of settlement Friday, compared to over 400,000 contracts in the previous session."All the fireworks were yesterday in natural gas," said Bob Yawger, director of energy futures at Mizuho, noting the rally that followed weekly inventory data and a forecast for an active Atlantic hurricane season.The U.S. Energy Information Administration said stockpiles rose 89 billion cubic feet in the week ended May 17. The figure was in line with a Dow Jones Newswires survey of analysts, but came in below other estimates and the five-year average increase of 90 bcf for the latest week.G...

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