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ABC News reports that ton Thursday, the price of natural gas dropped 2 percent.
ABC News reports that ton Thursday, the price of natural gas dropped 2 percent.
The market news is quoted as saying:
Natural gas plunged after the government said supplies dropped less than expected. It gave up 8.9 cents to settle at $4.057 per 1,000 cubic feet. Meanwhile, oil surged to $110.30 per barrel, reaching a new 30-month high, even though U.S. oil supplies have been increasing. They grew by 2 million barrels last week, according to the Energy Department.
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