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Bob Silvers, Managing Director of Energy & Life Sciences at SSA & Company, was quoted in The Street’s “Natural Gas Futures Down Over 10%, But Why?” story on natural gas prices. The article shares Bob’s thoughts about ranging prices and their connection to weather. Due to the abundant supply of oil, Bob believes that prices will remain the same. “However, when prices are this low the percentage change appears to be significant, even with a small change in price.” Additionally, Bob suggests that while short-term spikes are initially due to weather forecasts, the news and the market’s tendency to react also impact price swings.
Bob Silvers is Managing Director of Industrials & Energy at SSA & Company. Read the full article here.