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Cold temperatures heat up natural gas prices

The U.S. Department of Energy said Thursday the country's natural gas supplies fell by 285 billion cubic feet over the past week as consumers throughout much of the country turned up their heaters to stay warm.
by Adam Wilmoth Modified: December 20, 2013 at 1:00 pm •  Published: December 19, 2013
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After a few days of unusually warm winter weather, another cold front is expected to sweep through Oklahoma this weekend. The cold weather is then likely to sweep through the population centers in the eastern part of the country, which have the greatest effect on the price of natural gas.

The price has been trending upward for much of the past two years, but the movement has been much slower than many natural gas producers have hoped.

The price for a barrel of crude oil — which contains 6 times the energy content as 1,000 cubic feet of natural gas — closed Thursday at $98.77, more than 22 times the price of natural gas.

by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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