Oil prices might be fighting the Fed but a warning from FERC about natural gas shortages in the Northeast and the fact that diesel and heating oil inventories are at the lowest levels since 1951, should be a reminder that despite a market that has been volatile and uncertain supplies are at dangerously low levels going into winter. Now I know it’s impossible to fight the FED and I know the northeast, when it comes to natural gas supplies, isn’t Henry hub, but the numbers on the supply side are rather disturbing. If we do not see the economy crumble, the odds for price spikes across the board in petroleum and natural gas are likely.
Image and article originally from www.barchart.com. Read the original article here.
