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Mild weather forecasts weigh on US gas market

A warmer-than-average winter threatens to soften natural gas demand and leave the US gas market oversupplied, a situation that demands producers maintain capital discipline in order to prevent gas prices from declining further. Henry Hub prices have fallen from a peak of $3.35 per million British thermal units in late October to less than $2.60/MMBtu on Thursday morning as the heating season kicked off on a weak note.

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