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NatGas Trades Above $3/Mcf 1st Time in > 1 Yr, Still Low in M-U | Marcellus Drilling News
We've just hit a milestone worth mentioning. Yesterday the price of natural gas as traded at the benchmark Henry Hub delivery point (in southern Louisiana) closed at over $3 per thousand cubic feet (Mcf). It's an important psychological barrier that gives traders (and drillers) hope for higher prices. However, before we begin popping the champagne