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The Associated Press reported that natural gas futures settled at $1.9070 per 1,000 cubic feet.
The Associated Press reported that natural gas futures settled at $1.9070 per 1,000 cubic feet.
As quoted in the market news:
Prices declined after the Energy Information Administration reported that supplies grew by 25 billion cubic feet last week, putting the nation’s supply level at 58 percent above the five-year average. Major natural gas companies such as Chesapeake Energy Corp. and ConocoPhillips have idled some of their production in hopes of slowing the expanding supply.
Click here to read the full The Associated Press report.