October natural gas trudged lower Friday as traders see widening differentials auguring further weakness. October fell 6.9 cents to $3.809 and November dropped 5.9 cents to $3.922. October crude oil shed $1.44 to $87.96/bbl.
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‘Volatility’ Returns to Natural Gas Pit at Nymex
June has ushered a familiar characteristic back into the naturalgas trading pit at Nymex: volatility. Natural gas and volatilityoften are spoken in the same breath. However, for periods thiswinter and spring, the dips and rallies that have drawn manytraders to natural gas have been largely suppressed. But now withsummer clsing in, June has been marked by choppy trading withweather bulls on one side and storage bears on the other. Analystsin the middle are mixed as to who will win the battle, but nearlyeveryone in the market agrees the “V” word is back to stay for awhile.
June 19, 1998
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