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MarketScreener Homepage  >  Commodities  >  World (autre bourse)  >  NYMEX Henry-hub gas       

NYMEX HENRY-HUB GAS

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Energy Up Slightly As Natural Gas Plunges, Oil Rises -- Energy Roundup

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09/17/2020 | 05:46pm EDT

Shares of energy companies rose slightly as natural-gas prices tumbled while oil futures extended its winning streak.

Oil futures rose for the third straight session, closing around $41-a-barrel after an Organization of Petroleum Exporting Countries committee reiterated the cartel's commitment to maintaining production cuts as long as Covid-19 affected the market.

Natural gas plunged almost 10% to $2.04-a-million British thermal units for the biggest one-day percentage decline since Jan. 22, 2019, and the lowest closing price since July 31. A bigger-than-forecast weekly increase in storage and reminders from the Federal Reserve about the tenuous state of the U.S. economic recovery sparked a selloff in the commodity, a popular feedstock for the U.S. electric grid.

 Write to Rob Curran at rob.curran@dowjones.com 


Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.15% 40.54 Delayed Quote.-37.71%
WTI -0.23% 38.76 Delayed Quote.-36.11%
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