Natural gas rallied on Thursday after the release of a generally in line storage number (172 Bcf draw) reaching as high as $9.05 before retreating to close the day down 7.4 cents to $8.891. The decline came amidst falling crude prices. Have we seen the near term top for natural gas prices? I can't…
Day: February 21, 2008
Thursday – Simultaneous Oil & Natural Gas Inventory Reports
Yesterday was fun aside from some turbulence in the Dry Bulks as our oily plays rose (as oil topped $100), CHK hit another all time high (looking less like Rodney Dangerfield all the time and reporting their 4Q after the close tonight), and (RIG) rallied on a great quarterly report. This morning Goldman Sachs is…