Lock In Prices on Natural Gas
Henry Hub Natural Gas Futures prices for June delivery on the New York Mercantile Exchange on Tuesday scored a fresh four-week high of $2.359 per 10,000 million British thermal units (10,000 mm Btu). In late April, this heretofore beleaguered market hit a fresh 13-year low of $1.902, based on nearby futures.
A report on Monday from the U.S. Energy Information Administration said U.S. natural gas production in February fell 0.6% to a four-month low 72.32 billion cubic feet per day. That report did somewhat encourage the natural gas market bulls. However, the International Energy Agency (IEA) said overall gas production is still 10% above last year's levels and overall gas in storage is more than 50% above the five-year average for this time of year....276 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
