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Natural gas prices surged higher closing up 3%, after testing the 3.9 handle earlier in the trading session. Colder than normal weather is expected to cover most of the United States for the next ...
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
Natural gas markets had gone parabolic over the last week or so, but during the trading session on Wednesday, we have most certainly seeing exhaustion come into the picture.
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Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe.
Spot gas rises may rise due to short-term heat, but it’s not likely to drive futures prices higher. Futures traders are focusing on the end of the month forecasts. Although they indicate heat ...
The average forecast of 13 analysts participating in a Wall Street Journal survey landed at 73 Bcf. Estimates ranged from builds of 68 Bcf to 79 Bcf.
Yesterday’s spike to the upside and subsequent price drop, suggests the rally may have been fueled by short-covering rather than professional buying.