Appalachian Outage Sends Natural Gas Prices Reeling

Natural gas futures lost ground on Friday after a pronounced rally that sent prices to their highest levels since summer.

The market had been fueled by bullish storage shifts, sliding production, and a major outage in Appalachia, but traders took profits as the price spike began to fade.

The recent rally was driven by a combination of factors, including a storage surplus that has shrunk, and a significant pipeline outage in Appalachia that has impacted supply.