Natural Gas Prices Rise on Economic Recovery Hopes

With natural gas plunging to lows over the last several months, there are thoughts it could start to rise again based on hopes there will ultimately be a sustainable recovery, although that's far from being a reality at this time.

So far in 2010 natural gas prices have fallen by 29 percent.

Natural gas prices have a good chance of rising this week as those speculating on short positions exit them.

Also the fact that everything has been working for shorts makes this a possibility that prices will rise just as a temporary corrective or on any economic news which offers some hope.

At about 1p.m. today prices for natural gas had increased by 3.8 cents to $3.954 a million British thermal units.