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Natural-Gas Swings in U.K. Drop to 11-Year Low: Energy Markets

U.K. natural gas is trading in the narrowest range in 11 years as increased imports and storage capacity counters concern that North Sea production is waning.

Gas for delivery next month at the National Balancing Point, Britain’s hub for the fuel, costs between 45.4 pence (72 U.S. cents) and 48.7 pence a therm in October, the smallest difference for the period since 1999. Prices fluctuated between