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U.S. natural gas inventories dropped 64 billion cubic feet for the week through December 12, marking a notable drawdown. Henry Hub's spot price retreated $0.37, sliding from $4.97 down to $4.60 per unit. The move suggests winter demand concerns have eased somewhat—at least for now. Market participants are reading this as a marginal relief on the seasonal risk front. Energy traders watching the commodity cycle are taking note of this shift in sentiment and data patterns.