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Why Are Natural Gas Prices Crashing?

From oilprice.com

Shrugging off low levels of storage, natural gas prices have continued to plunge. The U.S. entered this past winter with natural gas supplies at a 15-year low. Paltry levels of gas in storage, just ahead of the peak winter demand season, pushed prices up to the highest level in four years. A cold snap in November led to a jump of around 30 percent in a week, an increase so fast and so quick that it forced at least one trading firm out of business. By mid-November, prices had climbed as high as $4.80/MMBtu. Worryingly, the rest of winter still lay ahead. Gas supplies in storage were at their lowest levels in a decade ... (full story)

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  • Category: Fundamental Analysis