Futures markets signal lower natural gas prices in most U.S. regions in early 2020

The current outlook for U.S. natural gas prices at several key regional hubs reflects market expectations for lower prices in January and February 2020. Two factors account for generally lower prices: lower natural gas futures prices at the U.S. benchmark Henry Hub location and lower regional differentials to the Henry Hub (known in natural gas markets as the basis). The Henry Hub price is lower because of continued production increases.
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