With below normal temperature forecasts and no immediate threat from tropical storms or hurricanes, the natural gas futures market tumbled to fresh, four-month lows Monday on selling from both commercial and speculative accounts.
Claws
Articles from Claws
$2.50 Level Brings Buyers out to Play
Following a five-day, 30-cent price drop, the natural gasfutures market dug in its claws Friday as scale-down industrialbuyers found good value in winter gas prices. Gaining 6.2 cents tofinish at $2.608 the October contract was only the tip of theiceberg. Led by the December contract, which was up 7.7 cents to$2.974, the winter strip (Nov.-Mar.) posted an impressive 5.6-centgain.
September 20, 1999
Market Claws Higher on Weather, Futures
Cash prices finished the week on a positive note as continuedincremental heating demand and a strong futures market bolsteredprices Friday. Trading was very active from the outset, a Gulftrader told Daily GPI. “There were some undeniable factors pointingto higher cash prices. Overnight gains in Access trading set thetone, then the over the counter market verified the strength,” heexplained. So it came as no surprise when the first cash offerswere a nickel or more above Thursday’s averages. But the marketcould not sustain the price rally and after buyers had filled theirrequirements at around 9:45 CST, seller realized their lowestprices of the day in late morning dealings.
April 19, 1999
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