Crude Oil and Natural Gas Prices

Crude oil dropped below $52 per barrel on Monday morning, but natural gas prices rose over 4%. The cold weather is much of the country is credited with the increase in natural gas price to $3.15 per thousand cubic feet. Analysts predict "that in the short to medium term, the price of natural gas will continue to fall as crude oil prices either drop more or stabilize at below $60 a barrel. There is one primary reason for this: crude oil producers in the United States probably will not cut production in 2015 and may not cut it in 2016."