This time it will be harder if we take another hit, and the market is accurately reflecting those fears,
More Quotes from Phil Flynn:
Now we need continued warm weather to keep up this downward trend, ... And we should look to OPEC now, too. They're getting whacked on the dollar, and the price of crude is falling. If they decide to cut production, we'll be right back at square one.Phil Flynn
So far the cooler weather hasn't put more pressure on the supply, but a hot scorching summer could definitely push prices higher.
Phil Flynn
Now that we've really had some cold weather, the numbers have changed the market's downward momentum and revived fears about winter fuel.
Phil Flynn
There's this feeling that OPEC will make good on its promise to cut output by April,
Phil Flynn
Natural gas has been more impacted by weather than ever before because of strong non-heat-related demand, lost production and pipeline shutdowns in the Gulf of Mexico.
Phil Flynn
I may be in the minority, but I think there's a strong possibility that we're very close to the lows for the rest of the year. If we get the cold weather like some are predicting, the commodity funds will favor the long side of the market as we close out the year.
Phil Flynn
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