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Commodities Briefing - Categorized | Market Moves, Oil more

Is the natural gas market recovering?

Posted on 26 February 2013

The price of natural gas (short-term delivery) changed direction and rose last week. Based on the recent EIA report, the withdrawal from storage was close to the five-year average withdrawal. This news may have contributed to the rally in natural gas prices by the end of the previous week. Following the change in direction of the price of natural gas, will it continue to rally?
During the previous week, the future price of Henry Hub (short-term delivery) rallied by 4.38%. Moreover, United States Natural Gas (UNG) also increased by 3.3%………………………………………..Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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