July 31, 2012 (Investorideas.com Energy Newswire) eResearch Clarion reports:Natural gas has crossed above the psychological US$3.00 mmbtu level, and now sits at Henry Hub US$3.09 mmbtu. That marks a 68% gain from a severely depressed US$1.84 mmbtu price reached in April 2012. Still, on October 1, 2011, when the stock market made its last significant low, the natural gas price was US$3.67 mmbtu. So, it is still down 16% since then.
October 1, 2011 – July 27, 2012
The following chart shows the relative price changes for both oil and gas.
Contrast that with how the price of crude oil has fared. It was US$79.20/bbl WTI on October 1, 2011, reached a high of US$107.40/bbl in March 2012, and is currently WTI US$90.13/bbl, up 14% since October 1, 2011.
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