Showing that the natural gas futures market’s direction is just as confused as most people think, the July contract on Wednesday gave back the exact same 7.4 cents that it increased by on Tuesday to close at $7.608, which by no coincidence is also where the contract settled at on Monday.
Confused
Articles from Confused
Ivan’s Latest Path Allows Futures to Sell Off
Confused as to what path Hurricane Ivan will take following a number of revised forecasts, October natural gas futures traded tentatively for a majority of the shortened regular session, before taking a significant step lower towards settlement. Futures hit a low on the day of $4.54, a level unseen since November 2003, before settling at $4.57, down 8.8 cents.
September 13, 2004
Bailey Sees ‘Mouse’ of a Gas Rule Delivered by Christmas
Commissioners Linda K. Breathitt and Vicky A. Bailey last weekjoined the club of those confused about when, if ever, FERC mightsettle the huge number of gas issues that have been on its platefor more than a year. Much to the chagrin of the industry, whichhas been anticipating some type of FERC action soon, Breathittindicated it would take up to six more months, while Baileypredicted the Commission would be delivering a package of gasdecisions by Christmas.
September 20, 1999
Bailey Sees ‘Mouse’ of a Gas Rule Delivered by Christmas
Commissioners Linda K. Breathitt and Vicky A. Bailey this weekjoined the club of those confused about when, if ever, FERC mightsettle the huge number of gas issues that have been on its platefor more than a year. Early in the week, Breathitt indicated itwould take up to six more months, while Bailey said yesterday theCommission would be delivering a package of gas decisions byChristmas.
September 15, 1999
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