Natural-gas prices rose Wednesday (yesterday) more than in an session since last year, with traders betting that winter cold is eating into a longstanding glut. Data points:
- up 27.9 cents in last session; 8.6%
- up to $3.542 / Btu
- largest gain by percentage since December 28, 2015
- largest gain by dollar value since January, 2015
most recent report:
- 209 bcf drawdown (dynamic link here)
- about 4x y-o-y (same time last year)
- about 2x 5-year average
- prices: big move over last three months -- about a 20% increase over past 3 months
Gasoline demand (we've discussed the relationship between job reports and gasoline demand before):
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