For a second consecutive regular session, natural gas futures were bent on testing lower levels in the morning only to be rebuffed in the afternoon. Uncertainty swirling around the potential damage to oil and natural gas infrastructure combined with a stagnant shut-in report helped October natural gas settle 21.6 cents higher Tuesday at $12.656, one day before the contract’s expiration.
Bent
Articles from Bent
CA Lawmaker Challenges Governor to Support Energy Bill (AB 2006)
Although political pressure and some editorial writers seem bent on goading California’s governor into action on new energy legislation in the waning days of this year’s legislative session, Gov. Arnold Schwarzenegger remained unmoved on Friday, following a letter from the lower house Assembly Speaker and a consumer group rally on the Capitol steps last Wednesday.
August 23, 2004
Another 100 Bcf Storage Injection, But Traders Take It in Stride
In yet another display of resistance to moving lower, the natural gas futures market bent but did not break Thursday morning as another triple-digit storage injection (100 Bcf) put bulls on the defensive. They battled back, however, and armed with weather reports calling for snow in Michigan and a tropical storm in the Gulf of Mexico, were successful in repelling the selling surge.
October 3, 2003
Hot Screen and Weather Push Cash Market Higher
Those of a bullish bent found encouragement all around Tuesday:July natural gas futures challenged unprecedented heights whilecrude oil futures edged back above $32/bbl; heat waves challengedelectric grid operators in both the East and West; and priorestimates of this afternoon’s storage report indicated a consensusthat the year-on-year deficit will just keep growing and adding tothe refill challenge.
June 28, 2000
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