This is a classic example when nat gas prices increases and oil prices turn south. Nothing new in this scenario, we are headed for winter and the demand for heating will determine the price of nat gas. Oil is highly dependant on our use of cars and any decrease in our mode of transport will impact the requirements.
All the inflationary effects have reduced or dependence on oil with environmental consciousness curtailing the use of plastics. This is an opportunity for nat gas.
| |
PRICE* |
CHANGE |
% CHANGE |
TIME |
| Nymex Crude Future |
96.35 |
-2.18 |
-2.21 |
09:23 |
| Dated Brent Spot |
92.11 |
-2.76 |
-2.91 |
09:53 |
| WTI Cushing Spot |
96.37 |
-2.16 |
-2.19 |
09:13 |
|
| |
|
|
| |
PRICE* |
CHANGE |
% CHANGE |
TIME |
| Nymex Heating Oil Future |
279.05 |
-5.64 |
-1.98 |
09:23 |
| Nymex RBOB Gasoline Future |
231.00 |
-5.00 |
-2.12 |
09:23 |
|
| |
|
|
| |
PRICE* |
CHANGE |
% CHANGE |
TIME |
| Nymex Henry Hub Future |
7.76 |
.03 |
.40 |
09:23 |
| Henry Hub Spot |
7.41 |
.23 |
3.20 |
10/01 |
| New York City Gate Spot |
7.82 |
.30 |
3.99 |
10/01 |
|