Natural Gas Prices on the Rise on Monday

Oil and Gas Investing

Natural gas prices were on the rise on Monday on the back of expectations that less drilling would lead to a decline in production, the Wall Street Journal reported.

Natural gas prices were on the rise on Monday on the back of expectations that less drilling would lead to a decline in production, the Wall Street Journal reported.
As quoted in the publication:

Natural gas futures for April delivery recently rose 5.8 cents, or 3.5%, to $1.724 a million British thermal units on the New York Mercantile Exchange.
Prices plunged to 17-year lows last week as the surplus of natural gas grew due to robust production and sluggish demand. Temperatures have been warmer-than-normal across much of the U.S., limiting the use of natural gas as an indoor-heating fuel.

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