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Energy fund manager Roberto Cominotto said North American gas prices are 85% below their 2007 peak and down 13% year to date. He expects a rebound within a year as shale producers cut output, with the US rig count falling to 87 from 200 at the end of 2015.
Expected production cuts from falling rig counts could tighten NATGAS supply, though the rebound outlook is a forecast rather than a current supply change.
citywire.comDalvinder KularJun 2, 2016Not 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.
