U.S. natural gas futures dropped about 4% on Friday after soaring over 14% in the prior session on a slow rise in output and forecasts for less demand next week than previously expected. Traders also noted the ongoing outage at Freeport LNG’s liquefied natural gas (LNG) export plant in Texas will leave more gas in the United States for utilities to inject into storage for the winter. Freeport, the second-biggest U.S. LNG export plant, was consuming about 2 billion cubic feet per day (bcfd) of gas before it shut on June 8. Freeport LNG has said the plant could return to service by October. Some analysts, however, think the plant could remain shut longer. read more Front-month […]