OnDemand WTP Pricing Research

Natural Gas Price Prediction – Prices Tumble on Cooler Weather Forecast | FXEmpire

Natural gas prices broke down on Monday, as there is little impetus to buoy prices. There are currently no tropical storms that are expected to form in the Atlantic over the next 48-hours according to the National Oceanic Atmospheric Administration (NOAA). In addition, NOAA is forecasting that the weather is expected to turn cooler during the next 8-14 days, likely reducing the need for cooling demand. With production rising, and demand potentially declining, prices are under pressure. Volatility is also nears its annual low. Natural gas implied volatility has eased to 34%, which is much lower than the average as well as the peak during this period when it can reach 100%. Consumption of natural gas recently hit a record, but production continues to keep up with rising demand.

Read complete article here:

Natural Gas Price Prediction – Prices Tumble on Cooler Weather Forecast.

Post a Comment

WP-SpamFree by Pole Position Marketing