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The collapse in natural-gas prices in recent months has generated a fraction of the attention of the run-up of the first half of 2022. But it could dent 2023 profits industrywide—and dampen inflation by reducing heating and electricity costs this year.
Natural gas traded on Friday at $2.90 per million British thermal units, down 8% on the week and at its lowest level since 2021. Gas has fallen 35% this year, and 70% from an August peak of nearly $10.
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