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Warm Winter, Elevated Storage Continue to Affect Natural Gas
Chesapeake EnergyChesapeake Energy(US:CHK) Zacks Investment Research·2024-03-11 13:11

The U.S. Energy Department's weekly inventory release showed that natural gas supplies decreased largely as expected. The neutral inventory numbers notwithstanding, futures settled with a loss week over week, overwhelmed by excessive supply and insipid weather-related demand.In fact, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to worries about record output and concerns about a growing glut. At this time, we advise investors to focus o ...