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The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation. The Institute for Supply Management (ISM) said on Friday that its non-manufacturing PMI fell to 49.4 last month from 51.4 in March, the lowest reading since December 2022. A reading above 50 indicates ...
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U.S. natural gas futures held near a 12-week high on Thursday as bearish forecasts for less demand over the next two weeks than previously expected and an ongoing oversupply of gas in storage offset a bullish rise in liquefied natural gas exports and a continued reduction in output. Front-month gas futures for June delivery on the New York Mercantile ...