US natural gas price rally set to be short-lived: analysts
Planned production cuts by US natural gas firms will not be enough to keep natural gas prices supported this year, and analysts say that record storage levels and mild weather could push New York Mercantile Exchange Henry Hub prices below $2 per million British thermal unit later in the year
Production cuts announced by US gas companies led US natural gas futures to rally in price this week after hitting 10-year lows in mid-January, but analysts say record storage levels and warm weather conditions leading to reduced demand will constrain further price rises.
Natural gas prices hit their lowest level in a decade on January 19, with the New York Mercantile Exchange (Nymex) February
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