The price of natural gas in the U.S. hit record levels due to bad weather

The price of natural gas in the U.S. hit record levels due to bad weather

By: James Ansher | Where To Trade | On:Wednesday, 28 December 2016
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   Due to winter winds coming from the Arctic region, the entire U.S. were affected, and as a result, the price of natural gas hit a record level.

 The price of natural gas went up to 3.70 dollars per MMBtu in the past couple of weeks, and influenced the drilling companies, now fronting the loosing of investor's confidence.

  According to analysts, the drilling companies are increasing the number of machines in the gas field, to compensate the demand. 

 At the same time, analysts say that the market will expand on the coal production area too, at least for the first month of 2017, due to natural gas drilling companies's incapacity.

 

James Ansher

James Ansher

When there is a will there is a trade

A successful Forex trader and expert advisor

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