Natural gas: a cure for oil’s still-lofty prices?

Natural gas competes in some of the same markets as oil,” said James Williams, an economist at WTRG Economics. That’s “particularly true in the power-generation market where many facilities can switch between natural gas and fuel oil.”
Natural-gas futures have dropped around 60% from their record level of $15.78 per million British thermal units back in mid-December, compared with crude futures’ decline of around 8% from their all-time high of $75.80 a barrel from late April.

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