Natural Gas Prices Tally Weekly Gain as Production Declines

The U.S. Energy Department's weekly inventory release showed a higher-than-expected decrease in natural gas supplies. The bullish inventory numbers, together with signs of production pullback, buoyed natural gas futures, which settled with a healthy gain week over week.Despite this spike, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to growing worries about record output and concerns about an ongoing supply glut. At this time, we advise ...