Day: March 6, 2008

  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:…