Posts Tagged ‘oil prices’
Is $73/bbl Crude Oil the “tell” for rising Natural Gas prices?
Historically, crude oil trades around 8-10 times the price of natural gas…it’s trading at about 18 TIMES!!! If you believe crude oil is fairly priced at $73 bbl, and the multiple contracts, we could see 7.30 MCF on nat gas, which means a profit of about $31,000 per ONE contract of Natural Gas; if you’re willing to risk $5,000 this may be the next hot trade. Time will tell.
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