After hitting record lows last year, natural gas prices are finally moving higher, with storage volume levels 32% lower compared with the same time last year. Natural gas production also continues to be curtailed, with drilling rigs receding 36% year over year.
Gas prices are currently hovering around $4 per MMbtu, more than double the price from last April. Does this mean we're now in the throes of a natural gas bull market? Check out the following video for more information in addition to a few recommendations on ways investors can profit from the rise in gas prices.