OPEC Oil Decision Could Undercut U.S. Natural Gas Price Surge

A decision by OPEC and its allies to cut oil output in order to bolster prices could, in an odd market twist, undermine a recent price surge for natural gas heading into winter.

For most of 2018, gas prices sat in a narrow trading range significantly below the five-year average. In November, though, prices surged as much as 41 percent as frigid weather stoked concerns about supply shortages ahead.