GASX - Natural Gas - Volatility Leads To An Island
The price action in the crude oil market has been wild since the October high when the price reached $76.90 per barrel and turned lower falling to a bottom at $42.36 on December 24, a drop of almost 45% over the final three months of 2018. Meanwhile, the natural gas market went the other way initially. As oil started to crop, the price of nearby natural gas futures on NYMEX took off from $3 per MMBtu and rallied to a high at $4.929 while crude oil was falling like a stone. The rally that took