19 Feb 2014
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Natural Gas Prices Surge on Cold Weather Forecast
posted by Unknown @ 16:38 0 Comments
Natural gas prices surged Wednesday by 11 percent as
forecasts for another arctic air blast heading toward North America sent March
futures up to $6.149 mmbtu That’s a new
five-year high.
"This year, with this cold weather and
demand levels, there's a question of whether these oversupply years are over
and we're going to reach an equilibrium,” says Gene McGillian, analyst with Tradition Energy.
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