Why Natural Gas Prices Retreated on May 29
On May 29, natural gas July futures fell 2% and settled at $2.90 per MMBtu (million British thermal units). On the same date, Cabot Oil & Gas (COG), Range Resources (RRC), and Chesapeake Energy (CHK) fell 2.4%, 0.7%, and 0.5%, respectively—the underperformers on our list of natural gas–weighted stocks.