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Natural gas accounts for almost a quarter of energy consumption in the U.S., and the New York Mercantile Exchange (NYMEX) Division natural gas futures contract is widely used as a national benchmark price.
The futures contract trades in units of 10,000 million British thermal units (MMBTU) each day from 10 a.m. to 2:30 p.m. except holidays. The price is based on delivery at the Henry Hub in Louisiana, the nexus of 16 intrastate and interstate natural gas pipeline systems that draw supplies from the region's gas deposits.
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