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Chesapeake Energy Corporation Message Board

  • grinderepos grinderepos May 15, 2012 12:02 PM Flag

    US natgas futures rise on warmer forecasts

    the fourth time in five weeks weekly builds have
    fallen below average. Many traders said it was a further sign of
    the market tightening, with record production finally showing
    signs of slowing and demand picking up as utilities switched
    from coal to cheaper gas to generate power

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    • Front-month June natural gas futures on the New York
      Mercantile Exchange were at $2.485 per million British
      thermal units in early trading, up 5.4 cents, or about 2
      percent, just under last week's two-month spot chart high of
      $2.531.
      The front month slid twice in April to $1.902, which was its
      lowest price since January 2002, Reuters data showed.

 
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