Weather & Offline Cove Point LNG Cause M-U NatGas Prices to Fall
The weather turning a bit cooler along with a three-week planned maintenance outage at the Cove Point LNG plant in Maryland is causing the spot price for natural gas in the Marcellus and Utica to fall precipitously. Of course the price recently, over the past few weeks, rose precipitously--so a sudden fall is not all that unusual. How much has the price fallen and how far will it go down?
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