Surveillance: BOE Rate Hikes with Davies (Podcast)
Bloomberg Surveillance
00:00
Oil Is a Seasonable Market
Gas prices have been plateauing y, but will continue to climb throughout the summer. Every dollar oil goes higher, you're going to lock out another two, two and a half cent rise at the pump. Forward curves are pricing in a sharper price to cin in nat gas than oil. The lack of policy with regard to promoting both natural gas production and crude oil production doese set the table for continued higher prices.
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