Gas stocks tumble in crude oil crash

March 09, 2020

Stocks of gas compressor and pipeline companies plunged today, dragged down by a 25% freefall in crude oil prices.

Benchmark Henry Hub gas futures closed 11 cents higher at US$1.82 per MMbtu. It had drifted down from US$2.33 per MMbtu early last December due to oversupply and warmer weather.

West…

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