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MLPG - Another Low In Natural Gas - An Anemic Bounce Fails
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Since November 2018, over the past nine months, the price of natural gas futures that trade on the NYMEX division of the Chicago Mercantile Exchange traded from a high at $4.929 to a low at just under $2.11 per MMBtu. The peak came as the 2018 injection season came to an end and the low arrived last week.
We are still in the midst of the 2019 injection season where natural gas is flowing into storage around the US. With around fifteen weeks of stockpiles increases ahead and the end of the summer season on