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September gas futures climbed 1.2¢ Friday to $2.577 per million Btu as easing temperatures undercut the momentum of Thursday's 8.8¢ rally. Additionally, production remains strong despite a substantial year-over-year drop in the number of drilling rigs pursuing gas. "Counterintuitively, rig counts have been falling as production has increased; we see this as reason to believe that technological advancement has allowed producers to do more with less," Gelber & Associates analysts said.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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