Natural Gas Declines –

Natural Gas declined after reports indicated that supplies were increasing and that demand would continue to decline.  At the same time crude oil had a slight increase due to OPEC members asking for a cut in production.  The likely result will be more natural gas use in winter because of the conversions from heating oil which have already taken place.  Even with a slow economy there could still be a spike in natural gas prices.

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Jim Sutliff

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