The Commodity Futures Trading Commission has approved a proposalby the Kansas City Board of trade to increase the number ofconsecutive Western Natural Gas contract months listed on theexchange to 36 from 18. The additional months will be listed fortrade beginning today.
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Futures Traders Continue To Be In a Bearish Mood
The April Nymex contract made it five consecutive down days onFriday by virtue of its 1.2 cent loss to $2.129. Several tradersagreed Friday’s price action was a continuation of the 8.7 centdecline turned in on Thursday, coupled with some liquidation aheadof the weekend.
March 9, 1998
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