US weather boosts energy price volatility

With weather still the primary influence over US energy markets, price volatility increased through December and into January, particularly for natural gas.In less than a month, the price for the front-month natural gas contract plunged from a high of $15.78/MMbtu on Dec. 13 to the lowest level since July 29, 2005.“Front-month gas futures slipped from the $13-14[/MMbtu] range at the beginning of December to the $11-12 range by the end of the month, as concerns over colder-than-normal weather subsided,” said J. Marshall Adkins in the Houston office of Raymond James & Associates Inc. However, Adkins said, “Gas prices remained well above 6:1 parity with oil.”Unusu...

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