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U.S. natural gas futures ended 2023 with their biggest percentage decline since 2006, driven by record production, ample inventories and a mild winter. EQT's finance head said the market could overshoot in both directions in 2024 as drilling activity pulled back.
Persistent oversupply keeps domestic gas cheap, supporting lower energy and fertilizer costs for feed producers, though a drilling pullback could tighten supply later.
reuters.comJan 4, 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.
