Natural Gas Stocks Have Momentum -- and Cold Weather
Wolfe Research Upgrades Phillips 66(PSX.US) to Buy Rating, Announces Target Price $143
Phillips 66 Upgraded to Outperform From Peer Perform at Wolfe Research
Top 3 Energy Stocks That Could Lead To Your Biggest Gains This Month
Cold weather exceeded expectations, USA Henry Hub Natural Gas Futures surged over 20% during trading, is inflation cooling down in jeopardy again?
On Monday during Regular Trading Hours, the NYMEX Henry Hub Natural Gas Futures February contract saw its intraday increase expand to 21%, reporting at $4.094 per million British thermal units. This is the largest increase for this contract since it began trading in 2012. Analysis suggests that higher natural gas prices may have macroeconomic implications, which could drive up inflation rates, while severe cold may also suppress Consumer spending in the USA.
Europe Set for Colder January With Less Wind and Higher Gas Use
