Natural Gas Prices at 10-year Low
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Natural Gas Prices at 10-year Low
By Chris Kahn, AP Energy Writer
New York (AP) – A 10-month slide in natural gas prices took a breather after the government said U.S. supplies didn’t grow as much as expected last week.
The futures contract price slipped by just a tenth of a penny Thursday to finish at $1.983 per 1,000 cubic feet in New York. That’s a 10-year low, but the prices was relatively stable compared with Wednesday, when fears of surging supplies sent natural gas futures tumbling 2.3 percent to the lowest price since Jan. 28, 2002.
Natural gas prices have been falling since last June.
Prices leveled off after the Energy Information Administration reported that last week’s growth in supplies was less than analysts expected.
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