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Rig Counts

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"Natural Gas Market Struggles to Find Bottom Amid Price Volatility"
financeenergy1 year ago

"Natural Gas Market Struggles to Find Bottom Amid Price Volatility"

The natural gas market continues to struggle to find stability, with the possibility of reaching the $1.50 level as a potential bottom. Oversold conditions and an oversupply of natural gas from the United States are contributing to the market's challenges, with the winter's mild temperatures exacerbating the situation. Traders are cautious about entering the market at this point, and the focus remains on finding signs of stabilization before considering any potential buying opportunities.