With natural gas futures bouncing around $6s and even threatening to break the psychological $7 mark, many market watchers are wondering why prices remain elevated despite comfortable storage levels and near record rig counts.
Bouncing
Articles from Bouncing
Producers ‘Dusting Off’ Shut-in Plans as Prices Sink
With Henry Hub natural gas prices “bouncing” around $2/Mcf, and prices in the Rockies even more lackluster, producers once again are re-evaluating drilling budgets, pulling back on near-term production activity, and “dusting off” plans to shut in production — plans that they haven’t looked at in years, says the Energy and Environmental Analysis Inc. (EEA) in its October gas update.
October 22, 2001
Traders Look Both Ways for Market Insight
Like a bouncing ball, natural gas futures continued to chopsideways yesterday as scale down buyers took advantage of lowprices afforded them by the market’s dip Wednesday. The Augustcontract finished up 3.3 cents at $2.179, and in doing so continuedits five-day streak of alternating advances and losses.
July 16, 1999
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