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OPEC oil decision could undercut U.S. natural gas price surge

From bloombergquint.com

A decision by OPEC and its allies to cut oil output in order to bolster prices could, in an odd market twist, undermine a recent price surge for natural gas heading into winter. For most of 2018, gas prices sat in a narrow trading range significantly below the five-year average. In November, though, prices surged as much as 41 percent as frigid weather stoked concerns about supply shortages ahead. The Economic Commission Board for the global oil cartel and its partners will meet Dec. 6 in Vienna to decide whether to curb crude output to help raise oil prices that have fallen by more than 30 percent in the last two ... (full story)

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  • Category: Fundamental Analysis