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Natural gas prices surged more than 20% on Monday after a wave of forecasts over the weekend predicted incoming arctic air could set the U.S. up for the coldest January in a decade or more.
Natural gas continues to fall despite a colder weather forecast
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Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
Natural gas markets have initially pulled back slightly during the trading session on Tuesday, only to turn around and break above the previous uptrend line. Natural Gas Price Forecast – Natural ...
Natural gas markets have bounced just a bit during the trading session on Friday to close out the year within the same consolidation area that we have been in over the last several weeks.
Liquid hydrocarbons (fuels such as gasoline, diesel and kerosene) are today the densest way known to economically store and transport chemical energy at a large scale (1 kg of diesel fuel burns with the oxygen contained in ≈ 15 kg of air). Burning local biomass fuels supplies household energy needs (cooking fires, oil lamps, etc.) worldwide.
Prices consolidate as the weather remains warm. For premium support please call: 800-290-4726 more ways to reach us