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.

To view a related article, please click here:

http://www.bloomberg.com/apps/news?pid=20601072&sid=a5E8QlcWbzso&refer=energy

Jim Sutliff

This entry was posted in Investments, Natural Gas, OPEC, Options & Futures. Bookmark the permalink.