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Supply depresses natural gas prices

By Associated Press

 |   

  January 27, 2012

The price of natural gas dropped Thursday for the first time in a week after the government said U.S. supplies are still well above what’s normal for this time of year. A report from the Energy Information Administration on Thursday showed the U.S. had 3.1 trillion cubic feet of natural gas in storage - a level that’s 21.4 percent higher than the five-year average.

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