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Natural gas producers are scaling back output, boosting historically low prices, the Wall Street Journal reported.

Natural gas production took its biggest percentage drop in a year in February, the paper said in a front-page story published Friday.

Futures prices jumped 18% since April 19, reaching $2.253 per million British thermal units on May 2.

Analysts told the paper the production decline could be the beginning of a trend that would alleviate what has been an oversupply.