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IBDvalueinvestin (99.68)

Oil should follow natural gas lower on Warmer than average Winter

Recs

1

October 16, 2012 – Comments (1) | RELATED TICKERS: DTO , OIL , GAZ

for the second straight year. Last year the winter was one of the warmest on record.

 "Natural gas extended yesterday's losses as it trended lower into the red on milder weather forecasts. It fell off a session high of $3.47 per MMBtu set in early morning pit trade and eventually closed 1.4% lower at $3.44 per MMBtu."

1 Comments – Post Your Own

#1) On October 17, 2012 at 5:25 PM, dcrednek (79.10) wrote:

Mild winter for 2012-2013?  Don't know where you're getting your info but check this out:

http://www.accuweather.com/en/weather-news/winter-forecast-snow-northeast-nyc/80787

 

And:

2012–2013 U.S. Weather HighlightsThe 2013 Almanac says that temperatures will be much colder this winter from the East Coast westward to a line from the Dakotas to Texas.In every place west of this line, except for portions of the Desert Southwest, temperatures will be warmer than last winter.Snowfall will be above normal near the Great Salt Lake and in the areas from El Paso to Detroit to Virginia Beach.Snowfall be will below normal in most other locations that have snow.Good news: Areas suffering from drought during Summer 2012 should receive enough winter precipitation to bring improvement.Spring and summer will be much rainier than normal in Florida, easing its drought.Drier-than-normal weather will continue to be the rule in much of Georgia.Summer temperatures will be hotter than normal along the Atlantic and Pacific coasts and in the Ohio Valley, but cooler than normal elsewhere.Expect fewer tornadoes than in the past couple of years.Be ready for hurricanes to threaten first the Gulf and Atlantic coasts in June and then primarily the Southeast, especially Florida, through the remainder of the hurricane season.

 

 

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