The Energy Information Administration just released its storage levels of natural gas, and the worry on investors' minds was that with storage always at its highest in November right before the coming winter, will we run out of storage space? What will this do to natural gas prices? In this video, Motley Fool energy analyst Joel South takes us through the numbers the EIA released, assuages some of those fears, and shows why, as we move away from the incredible surpluses that we've had recently back toward the five-year average storage levels, prices are moving up again after the recent all-time lows.
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The article The Latest on Natural Gas Prices originally appeared on Fool.com.
Joel South and Taylor Muckerman have no positions in the stocks mentioned above. The Motley Fool owns shares of National Oilwell Varco and Ultra Petroleum and has options on Chesapeake Energy and Ultra Petroleum. Motley Fool newsletter services recommend National Oilwell Varco and Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.