-
Natural Gas Price Prediction – Prices Surge on Unexpected Inventory Draw
Natural gas prices surged more than 4% on Thursday following a larger than expected draw in natural gas stockpiles. The weather is expected to remain warmer than normal over the next 8-14 days and until the weather turns, the shorts will remain in control. On Friday, the CFTC will report this week’s commitment of trader’s report for the week ending December 10. Natural gas inventories slipped below the 5-year average but still remain in the middle of the 5-year average range for this time of year. Natural gas prices surged more than 4% on Thursday following the EIA inventory report. Prices stop short of eclipsing ... (full story)