Jill Malandrino speaks with Peter Amandio to discuss the recent moves in oil and gas. With crude having made a sharp move lower over the past few weeks, recent headlines are keeping traders on their heels. API data has been bearish, and although traders expected this, headlines regarding the conflict of the Middle East are putting pressure on prices in the opposite direction. As a result crude prices continue to be volatile. Talk of exportable crude is also having an effect, in particular on the prices of refining stocks. As natural gas hangs around the $4 level, Peter suggests that traders who want to position for an exceedingly cold winter should look to the March contract.
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