Energy stocks jumped 4.5% on Monday after OPEC’s surprise production cut lifted oil prices, but not all energy stocks got a bump.
In fact, the move by OPEC may end up hurting natural gas companies, which have already struggled in 2023. Natural-gas prices slipped 5.4% on Monday, and were up a penny on Tuesday to $2.11 per million British thermal units. They are down 53% on the year.
Source: https://www.barrons.com/articles/opec-natural-gas-production-5ca6bf29?siteid=yhoof2&yptr=yahoo