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U.S. Natural Gas Prices Drop 6% as WTI Oil Craters by Nearly 9%

OilPrice · Charles Kennedy · last updated
U.S. natural gas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low of $61 per barrel. The benchmark price for U.S. natural gas delivered at Henry Hub was plunging by 6.26% to $3.877 per million British thermal units (MMBtu) as of 10:35 a.m. EDT. At the same time, the WTI Crude futures were tumbling by as much as 8.59% to $61.14. This WTI price is now below the average $65 per barrel price U.S. producers…