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The Henry Hub spot gas price closed at US$3.65 per mmBtu on December 8, 2016, down 2.75 percent from the previous day. However, compared to the end of 2015, the gas price has increased by more than 58 percent.
The rise in global oil prices to US$50 per barrel and anticipation of the winter season in parts of the world have driven gas prices upward. Indeed, compared to its lowest price of US$1.4927 per barrel on March 4, 2016, natural gas prices have surged 145 percent.
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