Natural gas is one of the few trades that hasn’t worked, down 50% in 12 months

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Pretty much every trade has worked on Wall Street this year except one: natural gas.

Futures prices fell to a one-month low on Friday after plunging more than 12% for the week. The commodity is currently trading around $2.34 per million British thermal units, which is nearly 50% below where it traded a year earlier. It’s down 21% for 2019.

Excess supply is pressuring prices. Inventory built up last spring following a warmer-than-expected winter, and U.S. production has…



Source cnbc.com

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