Energy & Precious Metals – Weekly Review and Calendar Ahead By Investing.com – Investing.com

Energy & Precious Metals – Weekly Review and Calendar Ahead By Investing.com – Investing.com

By Barani Krishnan

Investing.com - bulls have penciled in anywhere from $7 to double-digit pricing for this winter as worryingly low storage and underwhelming production of the fuel contrasts with expectations for bone-chilling cold.

Yet, the U.S. Energy Information Administration expects Henry Hub’s spot contract on the New York Mercantile Exchange to hover just under $6 per mmBtu, or million metric British thermal units, for December through January. From there, it expects gas prices to rapidly decline, to around $3.50 by May 2022.