Breaking a four-year logjam, the House on Thursday approved by a wide margin sweeping energy legislation that overhauls the U.S. energy policy for the first time in more than a decade.
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Futures Penetrate $8 Again on Storm Fears, But Unable to Hold Higher Ground
After breaking above the psychological $8 level for the fourth consecutive day, August natural gas futures on Friday followed the path laid out the three previous days. It sold off.
July 18, 2005
Futures Climb 21 Cents Ahead of Potentially Bullish Storage Report
Breaking out above last Wednesday’s $7.430 contract high, July natural gas futures — assisted by strength in crude and a hot weather forecast — reached a high in Wednesday’s regular session of $7.500 before settling at $7.441, up 21.3 cents on the day.
June 16, 2005
Warmer Weather Helps Pressure Futures Higher
Picking up where last week ended, July natural gas futures continued to explore higher on Monday, breaking through the $7.02 high point from last week to notch a new high of $7.24.
June 7, 2005
July Natural Gas Ventures Above $7.00 Following 86 Bcf Storage Build
A week after the June natural gas futures contract flirted with breaking below the $6.00 mark, the July contract in Thursday trading was able to poke its head above the psychological $7.00 level before coming back to settle at $6.819, up 3 cents for the day.
June 3, 2005
NatGas Futures Remain Weak Despite Petroleum’s Climb
Breaking away from crude for a second straight session, June natural gas futures Wednesday — one day ahead of expiration — traded within a slim 12-cent range before settling at $6.315, down 3.4 cents from Tuesday’s close. July natural gas settled at $6.372, down 1.4 cents.
May 26, 2005
Gas Futures Break Stride With Crude, Await Small Storage Injection
Breaking paths with the petroleum futures complex, June natural gas on Wednesday traded within a 15-cent range on the day before settling at $6.683, down 1.1 cents on the day.
May 12, 2005
April Futures Remain Strong Ahead of Storage Report
After breaking through the $6.84 top of its range in Tuesday trading, April natural gas futures on Wednesday showed no signs of retreat. The prompt month carved out a high of $6.973 in the overnight Nymex Access session and started Wednesday’s regular session trading at $6.95.
March 10, 2005
Monday’s a Wash After Futures Fail to Stay Below $6
Looking to bust out of the $5.95 to $6.27 trading range, traders of March natural gas futures explored lower on Monday, breaking below the psychological $6 barrier once again. Despite reaching a low of $5.97, the prompt month climbed in the afternoon to settle at $6.093, unchanged from Friday’s close.
February 15, 2005
Natural Gas Futures Up After Briefly Breaking $7 Mark
If you don’t like the direction of the natural gas futures market, wait five minutes and it is likely to change. Proving once again that the market can be volatile, the December contract on Monday bounced higher after testing below the $7.00 support area in early trading.
November 16, 2004
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