Gas Price Analysis

date: 14 January 2021

Based on increasing demand for gas in winter, gas price has an increasing trend. On the other hand, Coronavirus situation improvement and increasing price of oil are other reasons for increasing trend of gas.  USA oil production has decreased 2.7 million barrel for the fifth week in row.

Technically, gas is in a pull back to 2.920 USD. In current week, gas price increased by 3%. It seems gas can reaches to 3USD.