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Path Investments Plc

Natural gas prices rise on stronger demand

Rallying from a seven-week low in the prior session, natural gas futures rose more than 15% on Wednesday afternoon as the demand outlook for natural gas improves.

At 1:16 p.m. EDT, front-month natural gas futures rose by $0.270 to $2.104—up from its $1.845 open. Buyers will no doubt have their eye on that $2 threshold.

According to Refinitiv data, U.S. production of natural gas was on track to fall to its lowest in two years on Wednesday, to 83.8 bcfd.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.