BoA Analysts See Strong NatGas Price Spike Unless Winter Abates

摘要

US natural gas had long been considered the king of commodity volatility before being tamed by the North American shale boom. But if late January price action is any indication, gas is ready to regain the crown. After an 85￠ week-long rally Jan. 21-24, which ended with February gas boasting the first $5 handle a prompt month has seen in 3 1/2 years, the contract plunged into the $4.80s in the next Monday's session, regained its $5 footing on Tuesday and proceeded to roll off the board on Wednesday at $5.557 per MMBtu — the highest settlement in exactly four years.