The Bullish Case For Natural Gas Futures ...Middle East

Economy by : (OILPRICE) -
Bearish factors have driven down natural gas futures by 61% since last August. Some factors include the delayed restart of the Freeport LNG export facility and a mild winter. Last week, NatGas for February delivery hit an 18-month low of around $3.57/MMBtu and even lower to $3.47/MMBtu on Wednesday. Prices are clawing back some of the losses on Thursday, with Natgas prices up 4% to $3.81.  One bit of good news that crossed the wires yesterday evening was the damaged Freeport plant on the Texas gulf coast "has likely drawn power from…

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