Natural gas trading range for the day is 149.4-165

* Natural gas trading range for the day is 149.4-165.

* Natural gas fell on forecasts for cooler weather and less demand over the next two weeks than previously expected.

* Pressure also seen as near-record production and moderate weather allowed utilities to inject huge amounts of gas into stockpiles.

* With the weather expected to be cooler over the next two weeks than previously forecast, Refinitiv projected demand in the Lower 48 states would reach only 86.5 bcfd.

* Utilities likely added 84 billion cubic feet (bcf) of gas to inventories during the week ended June 28.

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