Chesapeake Energy: U.S. Natural-Gas Prices Likely to Rise

Bloomberg reported that according to Chesapeake Energy Corp. (NYSE:CHK), U.S. natural-gas prices likely to rise once producers decrease drilling and weather normalizes.

As quoted in the market news:

The deal, between the world’s largest listed oil firm and the world’s top oil producing nation, was the product of nearly a year of talks and came about despite a history of mutual distrust between Washington and Moscow dating back to the Cold War and recent difficulties for other Western firms in Russia.

Click here to read the full Bloomberg report.