Over the past several months, we have seen crude oil decline in price in stark contrast to several other things in the market. Indeed, West Texas Intermediate crude oil is down 7.10% year-to-date: This is in stark contrast to the stock and bond markets, which have both shown surprising strength this year. This is unsurprising…
Category: energy
American Producers Cutting Natural Gas Production, Glut
As everyone reading this is no doubt well aware, natural gas prices have declined significantly year-to-date. As of the time of writing, natural gas at Henry Hub is down 47.81% since January 1, 2023: In fact, the current price is back to levels that we have not seen since the pandemic drove down the price…