Natural Gas is up 45% from the 7 year low on Septemeber 4th.
From Bloomberg.com:
Analysts Predict $7.50
Gas futures are poised to rise to $6 this winter in the
U.S. and $7.50 next summer because of slowing output, Allison
Nathan and Jeffrey Currie, analysts at Goldman Sachs Group Inc.,
said in a Sept. 13 report.
“We had the major low on Sept. 4 and since then the market
has had a lot of change in the way people are thinking about
it,” said Beutel.
A recovery in the economy would lift demand from factories,
chemical and steel plants, which account for about 29 percent of
U.S. demand, and reduce the surplus.
The Commerce Department said retail sales increased 2.7
percent in August, exceeding a forecast of 1.9 percent, the
median estimate of 73 economists in a Bloomberg News survey. The
Federal Reserve Bank of New York’s general economic index
increased to 18.9 from 12.1 in August as companies rebuild
inventories with demand rebounding.