While gas markets in the northeast US swung high and low as temperatures ranged from the 90’s to the 50’s, the futures market stayed range bound as bull and bears stayed locked into their positions waiting for some kind of signal. Gas production and supply hit record highs but more than one analysts sees more gas burned for power. Lurking in the background of both the futures and cash markets is the need to get more gas in storage soon. Gas Daily editors Rodney White, Stephanie Seay, Chris Tremulis, and Patrick Badgley discuss.
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