Are Phantom Fundamentals Goosing Gas Prices to Unsustainable Heights?

Copyright © 2021 Energy Intelligence Group

Last week’s surge as high as the $5.65 per million Btu in intraday trading — only to be followed by a two-day plunge that bottomed at $5.046 on Friday — was all the odder because actual fundamentals had not shifted, or at least enough to justify the wild daily price swings reminiscent of the pre-shale market a decade ago.

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