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Oil prices favor gas cos

Oil prices favor gas cos

The gap between the price of crude oil and natural gas will provide an impetus to a fast shift towards cheaper natural gas.
US Henry Hub prices, which are considered the benchmark prices the world over, have fallen below $4 per million British thermal units (mmbtu). In the past one year, crude oil prices have gained more than 25 per cent on NYMEX to $100 per barrel level. However, natural gas prices are down 28 per cent to $3.93 per mmbtu.

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