As Expected, Cooling Trend Sends Weekend Prices Lower

With last week’s heat menace dissipating in key market areas and the generally lower demand of a weekend coming up, no one got caught by surprise when prices softened Friday by mostly double-digit amounts. A majority of declines were between a dime and 20 cents, with larger ones concentrated in California and a few Northeast citygates.

August 13, 2001

Eastern Prices Soar on Cooling Load While West Falters

The geographic divide between gas markets seldom has been moredistinctive than it was Friday. Opposite corners of the U.S.represented the extremes: Northeast citygates skyrocketed by nearly20 cents while the OFO-hit Southern California border plunged byabout 20 cents. In general it was another case of East being Eastand West being West, and the twain had almost nothing in common.

July 26, 1999

Range-Bound Trading Continues at NYMEX

Not forecasts calling for cooling temperatures, nor record lowsset in the nearby heating oil contract could entice the natural gasfutures market to break out of its month long trading rangeTuesday, as many traders decided instead to play it safe and waitfor a more clearly defined price signal. The March contract drifted1.2 cents lower to settle at $1.795 after being limited to a narrow5-cent trading range.

February 17, 1999
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