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Natural gas futures jumped about 13% on Wednesday after Chesapeake Energy said it would cut its planned 2024 gas output by roughly 30%. The move followed a plunge in prices that had driven gas to a multi-year low.
A large producer curtailing supply tightens the US gas balance and supports Henry Hub prices, which feed into energy and fertilizer costs for feed producers.
reuters.comScott DisavinoFeb 21, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
