In a startling disclosure last week, an aide to Conference Committee Chairman Pete Domenici (R-NM) signaled that the broad-based energy bill being negotiated on Capitol Hill may not be finished this year. While some saw this simply as a negotiating tactic, others said that if headway wasn’t made this week on the remaining contentious items, the bill could be in jeopardy.
Abounds
Articles from Abounds
Uncertainty Abounds As Traders Take 100 Bcf Refill in Stride
After first rallying on the news that a whopping 100 Bcf had been injected into underground storage facilities last week, the natural gas futures market suffered a slow grind lower Thursday as traders lightened their longs ahead of Friday’s expiration. At $4.542, the October contract finished 4.6 cents lower in its penultimate trading session. It goes off the board Friday at 2:30 p.m. EDT.
September 26, 2003
Futures Up Modestly Monday, But Bearish Storage Talk Abounds
Following declines of nearly a dollar last week, the natural gas futures market shuffled sideways in lackluster trading Monday. With weather forecasts continuing to call for mild temperatures, bull traders had little on which to mount an offensive. Meanwhile, the possibility for a third-straight record-setting storage injection gas has bears looking for further price declines this week.
June 17, 2003
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