Natural gas futures eked out a narrow gain on Monday despite shifts in weather forecasts and continued reminders of robust supplies. Following a 9.8-cent loss Friday, the July Nymex gas futures contract picked up 1.2 cents day/day and settled at $2.266/MMBtu, bolstered by strength in cash markets. August advanced a half-cent to $2.336. At A…
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No Letup in Power Burns; October Seen A Penny Higher
October natural gas is expected to open a penny higher Tuesday morning at $2.92 as traders reassess higher power burns and what may be a realignment of supply and demand going forward. Overnight oil markets plunged.
House Burns Midnight Oil with Energy Bill
House lawmakers worked into the night Wednesday, vigorously debating the Republican-focused omnibus energy bill, with GOP legislators touting the environmental, conservation and supply features of the packed energy initiative, while Democrats assailed the $33 billion in tax credits being offered to producers. Because debate was expected to last 12 hours, Capitol Hill observers did not expect a final vote until late Wednesday at the earliest.