The CIBC maintains a bearish outlook on gas prices as weather remains warmer than last year
The Canadian Imperial Bank of Commerce (CIBC) released its outlook on gas today, continuing to hold its bearish stance on the commodity’s future. The major factor determining the future price and inventories of gas, according to CIBC, is the weather. With the incredibly cold winter seen across the United States last year causing an abnormally high spike in gas demand, many were hoping for similar weather again this year.

Of course, the weather is nev...

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