Russia said it will reduce gas supplied through the Nord Stream 1 Pipeline to 20% capacity. "Natural gas is spiking today. The narrative is that reducing the capacity so that EU members do not build inventories for the winter. I have been trading call spreads in natural gas to take advantage of the sharp dips. I think we will see $10 natural gas. I also like the consolidation of the crude oil price recently," says Bill Baruch.