For 2011 it will be more of the same where low natural gas prices and the gas-crude oil price relationship are concerned, according to analysts at Fitch Ratings.
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Articles from Continuation
NV Energy Gas, Electric Rates Reduced Again
NV Energy Inc. announced last Friday that its northern Nevada utility lowered retail natural gas and electric rates effective that day. It’s a continuation of a two-year downward trend in the utility’s retail rates, reflecting reductions on the wholesale level.
Price Hikes at Virtually All Points Get Stronger
Mild weather in Canada and the northern United States fails to halt the continuation of cash advance.
Prices Down at Nearly All Points Amid Mild Weather
Although The Weather Channel’s website headline said “Spring has sprung” Thursday morning, it will not officially be true until Saturday. But the continuation of spring-like weather in most of the U.S. was able to ensure that cash market softness would endure. Of course, the previous day’s second consecutive fall of 4.4 cents by April futures was another bearish influence.
Prices Down at Nearly All Points Amid Mild Weather
Although The Weather Channel’s website headline said “Spring has sprung” Thursday morning, it will not officially be true until Saturday. But the continuation of spring-like weather in most of the U.S. was able to ensure that cash market softness would endure. Of course, the previous day’s second consecutive fall of 4.4 cents by April futures was another bearish influence.
Extended Chill Puts Upward Pressure Back on $6 Futures
The continuation of bone-chilling cold in a number of high gas usage regions allowed February natural gas futures on Monday to rebound from Thursday’s storage report-induced slump. The prompt-month contract recorded a high of $5.894 in morning trade and went on to close out the regular session at $5.884, up 31.2 cents from Thursday’s finish.
Market Ignores ‘Amazing’ Cash-Futures Split; November Up 26.9 Cents
November natural gas futures vaulted higher Monday as traders observed a continuation of the short covering that sent futures bounding higher by 25.2 cents on Friday. The prompt-month contract rose 26.9 cents Monday to close at $4.987 and December advanced 20.1 cents to $5.723. November crude oil rose 46 cents to $70.41/bbl.
Futures Erase Early Week Rally; Traders Discuss CFTC Action
After starting the week on Monday with a 37.8-cent rally, the September natural gas futures contract finished the week Friday with a continuation of Thursday’s selling spree. The front-month contract shaved another 6.9 cents off its value during Friday’s regular session to close at $3.674, up only 2.1 cents from the previous week’s close.
Most Points Rise Again, But Overall Softness Expected
An abundance of heating load in northern market areas sustained a continuation of rising prices Thursday — again at nearly all points. The overall firmness was abetted by the 10.7-cent increase in January futures a day earlier.
Traders Await Additional Cold; December Sheds 1.7 Cents
December natural gas futures registered a modest decline as traders acknowledged that the market was awaiting weather data that might show a continuation of the cold weather currently pummeling the East.