Cash prices saw sizeable drops at all points Friday as last week’s burst of cold weather was abating in several regions. The previous day’s 33-cent loss by January futures also was a major factor in the pervasive softness, abetted to a small extent by the typical decline of industrial load over a weekend.
Abating
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Futures Bump Above $8 as Sweltering Heat Grips U.S.
Temperatures showed no signs of abating Monday as the heat wave of the past two weeks moved forward with readings topping 100 degrees in a number of regions. As a result, September natural gas futures jumped higher in Sunday night’s Access trading session and kept the momentum rolling into Monday. The contract settled the day at $8.211, up $1.027 from Friday’s close.
August 1, 2006
Price Slide Continues Amid Widespead Mild Weather
Late-November price softness showed little sign of abating inpost-weekend activity Monday, and except for residents of theNorthwest and Upper Plains enduring somewhat nasty weather, thereason was apparent to anybody who went outdoors. Temperaturesapproaching the Thanksgiving holiday are unseasonably mild for thegreat majority of the U.S., and the lack of load combined with theearly stages of storage withdrawal season were depressing both cashand futures numbers. Quotes were mostly flat for the SouthernCalifornia border and TCO; otherwise price declines tended to rangefrom about a nickel to more than a dime.
November 24, 1998
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