U.S. natural gas futures increased by 3% to $2.841 per million British thermal units due to a decline in output. Average gas output in the Lower 48 states held at 109.6 billion cubic feet per day in May, down from a record high of 110.6 bcfd in December 2025. Waha Hub prices remain negative for 66 consecutive days as pipeline constraints affect the Permian region.
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