Natural Gas Prices Move Higher

In the past two weeks, natural gas prices have moved higher by 15 percent. The increase comes after Phil Davis of Phil’s Stock World told VOA that he believed that it was a good time to initiate new positions. The factor depressing natural gas prices is over supply. In fact, prices hit an 18-year low on March 1, just as Davis was buying. Just like crude oil, natural gas production is historically high, which means storage levels are elevated since there is not enough demand to take some...

© La Voix de l'Amérique - lundi 21 mars 2016