natty

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setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

natty

Post by setliff »

with polar air spreading across the country can anyone explain why natty is dropping?
dan_s
Posts: 37308
Joined: Fri Apr 23, 2010 8:22 am

Re: natty

Post by dan_s »

There is a lot of gas out there. Price may be reacting a bit to the oil price. Lots of FEAR in this market, so it may take several weeks of big draws from storage to push natural gas prices higher. We definitely need a very cold six weeks to drain more gas from storage before Spring or else natural gas prices will tank in Q2.
Dan Steffens
Energy Prospectus Group
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