Natural Gas Futures Approaching 2012 High

Bloomberg reported that natural gas may be on track to hit a high for 2012, due to dwindling supply and rising demand.

As quoted in the market report:

Eight of 16 analysts, or 50 percent, forecast that futures will advance on the New York Mercantile Exchange through Nov. 23. Seven, or 44 percent, said gas will fall and one said prices will stay the same. Last week, 62 percent of participants said gas would drop this week

To view the whole Bloomberg report, click here.