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Commodities Briefing - Categorized | Oil, Trends more

Cold weather makes natural gas a hot commodity

Posted on 06 February 2014

Natural gas prices, long depressed by industry oversupply, are on an upward tear as strong demand brought on by cold weather pushes storage levels to 10-year lows.
The market was especially volatile Wednesday, with some traders paying as much as $38 a gigajoule at the AECO storage hub, the benchmark for gas pricing in southeastern Alberta. Huge spikes such as this are short-lived, but demonstrate how rocky the market has become………………………………………..Full Article: Source


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