Commodity Watch:
Natural Gas closed up $0.219 at $10.23, a record high for the April 2008 contract ... (seen in the monthly chart below, please click the chart if you can't view the in its entirety),
... after an 86 Bcf withdrawal, slightly largely than the 82 Bcf consensus estimate, was announced. As you will see in the following graphs, the storage situation is not dire and we remain above the five year average and actual shrank the deficit to 2007's bloated storage levels. No matter, the speculators are in charge of prices in this and many other commodities until the equity markets become more attractive to them. After all, capital is a coward.
