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Commodities Briefing - Categorized | Market Moves, Oil more

Is the natural gas market heating up?

Posted on 22 January 2013

The price of natural gas (short-term delivery) continued to rise during last week. The larger than anticipated drop in storage may have contributed to the spike in natural gas prices by the end of last week. Is the natural gas market heating up again? Let’s examine the recent developments in the natural gas market.
During last week, the future price of Henry Hub (short-term delivery) spiked by 7.18%. Moreover, United States Natural Gas (UNG) also increased by 7.4%. As of last week, the Henry Hub future prices were still $0.37 per million BTUs above the price for the same week in 2012………………………………………..Full Article: Source


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VRS - who has written 36970 posts on Opalesque Commodities Briefing.


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