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Path Investments Plc

U.S natgas futures jump 10%

U.S. natural gas futures rose more than 10% on Monday, regaining some ground after slumping to its lowest in over 25 years in the previous session, as forecasts for warmer weather drove expectations of higher cooling demand for the fuel.

In its first day as the front month, the August gas futures contract rose 15.6 cents, or 10.4%, to $1.701 per million British thermal units at 10:30 a.m. EDT (GMT).

U.S. natural gas futures slumped to their lowest since August 1995 in the previous session as the market focused on demand destruction from the coronavirus, swelling stockpiles and lower liquefied natural gas exports earlier in the month.

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.