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Natural Gas Price Prediction – Prices Tumble Despite In Line Inventory Draw
Natural gas prices tumbled on Thursday, despite an inline draw of inventories according to the department of energy. Inventories are below the 5-year average range for this time of year, but prices are well below the 5-year average price. Mid-west inventories are also now below they where last year at the same time of year. The weather pattern remains in place where the weather over the next 2-weeks is expected to be colder than normal throughout the west coast and warmer than normal through out most of the east coast. Natural gas prices dropped 3.4% tumbling to support near a horizontal trend line that equal the ... (full story)