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Natural Gas Inched Up 7.8 Percent on Chesapeake Plans to Cut Production
Jan. 23, 2012 02:13PM PST
Energy InvestingBloomberg reported that natural gas inched up 7.8 percent as Chesapeake Energy (NYSE:CHK) plans to cut production and reduce spending.
Bloomberg reported that natural gas inched up 7.8 percent as Chesapeake Energy (NYSE:CHK) plans to cut production and reduce spending.
As quoted in the market news:
Natural gas for February delivery rose 18.2 cents to settle at $2.525 per million British thermal units on the New York Mercantile Exchange. The percentage increase was biggest since Dec. 10, 2009. The futures are down 16 percent this year.
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| Commodities | |||
|---|---|---|---|
| Gold | 2344.53 | 0.00 | |
| Silver | 27.94 | 0.00 | |
| Copper | 4.32 | +0.06 | |
| Oil | 85.45 | -0.14 | |
| Heating Oil | 2.68 | +0.02 | |
| Natural Gas | 1.77 | +0.01 | |
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