Monday, December 29, 2008

Oil, Natural Gas Prices 12/29/08 - December 29th

Oil and Natural Gas are both rising this morning due to violence in the Gaza Strip over the weekend.

Oil is above $40 in pre market trading and Natural Gas prices have rebounded lately at $5.96 in pre market.

As far as drilling for shale goes, if Natural Gas rises back above $7 I think you will see increased activity in the various shale plays which have been silent as of late.