GREY:CEQXF - Post by User
Post by
exprohibition18on Nov 14, 2018 1:06pm
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Natural gas prices rocket higher in parabolic move. CNBC
Natural gas prices rocket higher in parabolic move. CNBC Natural gas prices rocket higher on cold weather forecast, jumping as much 20 percent
- Wild trading in natural gas futures temporarily drove prices up as much as 20 percent early Wednesday, as the latest cold weather reports spooked a market worried by low supply.
- The parabolic type of trading could have been the result of traders needing to buy natural gas to cover short positions.
- Natural gas is now up about 35 percent since the start of November, and it could go much higher depending on how much cold there is.