Halting the string of consecutively lower closes at four, traders on Wednesday pushed January natural gas futures to a high of $7.780 in quiet trading before the contract ended up closing at $7.727, up 4.2 cents on the day.
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Futures Finish Higher Again; Fresh Storage News Eyed
Bringing the tally to four days of consecutively higher settlements, November natural gas futures Wednesday soared during the session to put in a $6.180 high before slipping lower to close at $5.995, up 23.6 cents on the day. One broker attributed the move to a combination of Indian summer-like temperatures in the East and a bounce off of significant support late last week.
October 5, 2006
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