Blindsided

Energy traders were blindsided Friday as the surging prices across the board on Thursday transformed into even larger losses to finish the week. After a two-day stay north of $8, September natural gas futures plunged below the psychological support level, recording a new low for the down move of $7.768 before closing at $7.843, down 40.9 cents on the day and 24.9 cents lower than the previous week’s finish.