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Fundamentally, traders will be primarily focused on the weather forecast for November 6-9. Prices are likely to remain under pressure if milder temperatures extend beyond November 9. Some data is ...
The average American is paying $3.45 per gallon at the gas pump -- a price nowhere near the historic $5 or more experienced last summer, but not far removed enough to feel comfortable. The...
Natural gas prices are down nearly 40% year to date amid a glut in supply and a milder-than-expected winter.But analysts see an upside for the commodity going into the end of the year — in part ...
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.
Based on last week’s price action and the close at $2.611, the direction of the July natural gas futures contract is likely to be determined by trader reaction to the weekly pivot at $2.633.
Price per million BTU of oil and natural gas in the US, 1998-2015 Natural gas prices spiked to $23.86 on February 17, 2021 because of the Texas power crisis. [14] In February 2003 there was a similar spike in natural gas prices because of shortages. [15]
Hubbert's 1962 prediction of US lower 48-state gas production, versus actual production through 2012. Hubbert also predicted that natural gas production would follow a logistic curve similar to that of oil. The graph shows actual gas production in blue compared to his predicted gas production for the United States in red, published in 1962. [16]
Based on Friday’s close at $3.239, the direction of the March Natural Gas futures contract on Monday is likely to be determined by trader reaction to the 50% level at $3.215.
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