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Natural Gas: April contract gas closed flat at $9.74 after another "in line" to slightly low gas storage withdrawal was reported: ZComment: At $9.70 natural gas has run up too far, too fast on cold weather. See the supply arguments below. And Now A Few Words & Graphs About Supply. See tomorrow's post [...]
Wow. Where to begin?! Another new record for oil and another giant surge in natural gas. Commodity Watch Natural Gas rallied with oil yesterday. April gas closed up $0.39 to $9.74. This morning gas is trading up 3 cents. My Number: 125 Bcf withdrawal. This compares to a withdrawal of 99 Bcf last year. Weather: [...]
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