Just How Low Will Price of Oil & Gas Go?

Just how low will oil and natural gas prices go? A good question, on everyone’s mind. End of day yesterday the price of WTI (West Texas Intermediate) crude oil traded at $29.42, with some analysts predicting it may be headed to $20/barrel. Ouch. Such prices were unthinkable even six months ago! What about natural gas? Yesterday the benchmark Henry Hub saw gas trading at $2.10 per thousand cubic feet (Mcf). Will it go below $2/Mcf? In the middle of winter?? What is the absolute bottom these commodities will trade at? A reporter at the Canton Repository shares the latest thinking/rumors on where the price of oil and gas will go in 2016…

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