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Natural Prices Rose Amid Efforts By Producers To Curb Output.
Natural gas experienced a robust uptick, surging by 3.64% to settle at 156.7, driven by concerted efforts among producers to curb output in response to a prolonged slump in prices. Chesapeake Energy led the charge by slashing its 2024 production plans by approximately 30%, echoing similar moves by major gas producers such as Antero Resources, Comstock Resources, and EQT, all aiming to curtail drilling activities amid the challenging pricing environment.
