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BOIL - It Might Be Too Early For A Significant Rise In Natural Gas
ProShares Ultra Bloomberg Natural Gas
The price of natural gas was at over the $2.45 level at the end of last week, as it recovered from recent lows at below the $2.20 per MMBtu level. The peak of the summer season began following the recent July 4th holiday and will run through Labor Day at the beginning of September. Hotter than average temperatures over the coming weeks will increase demand for cooling power, which would cause the amount of natural gas flowing into storage to decline. However, output remains at record levels given the massive reserves in the Marcellus and