MARKET EYE: Gas Rises as Temperature Falls

摘要

Cash prices for natural gas soared last week as temperatures plunged across the US to lows not seen in more than 10 years. But, the party might be over for market bulls as the weather is slated to moderate in the week ahead. "This was undoubtedly some very cold weather that sent demand through the roof in certain areas of the country, but the focus is still squarely on the surplus of gas in storage, which is why [February futures] prices couldn't seem to remain over $6," said a gas futures trader in Texas.