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"The Math Doesn't Make Sense" On Natural Gas Prices
Schwab Network
English - February 22, 2023 19:07 - 8 minutes - 87 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Warmer winter weather has allowed the U.S. and Europe to build natural gas inventories, driving prices down, says Carley Garner. However, with natural gas futures under $2, she thinks prices will eventually have to revert to the mean. "The thing about commodities is high prices always lower production." Overall, she is neutral on crude oil but has a long-term bias to the upside and thinks prices could hit $90-$95.