Monday, December 16, 2013

Nat Gas Futures Plunge On Better Weather

Nat gas is today's big mover.

from Business Recorder:
"NEW YORK: U.S. natural gas futures slid more than 2 percent in early trading on Monday on forecasts for reduced heating demand this week and on profit-taking after prices reached seven-month highs last week.
"'Natural gas futures are receding this morning on a combination of a round of profit-taking selling motivated by what looks like a moderating weather pattern working its way across the country over the next week or so,' Energy Management Institute partner Dominick Chirichella said in a report."