Natural Gas Inched Up 7.8 Percent on Chesapeake Plans to Cut Production

- January 23rd, 2012

Bloomberg 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.

Click here to read the full Bloomberg report.

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