Natural Gas Prices Drop as Market Continues to See Pessimism
CHKChesapeake Energy(CHK) Zacks Investment Research·2024-04-15 21:21

The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased more than expected. The bearish inventory numbers, together with weaker weather-related demand, affected natural gas futures, which settled with a small loss week over week. In fact, the market hasn't been kind to natural gas, with the commodity recently hitting nearly four-year lows due to worries about record output and concerns about a growing glut. At this time, we advise investors to focus on stocks like Co ...