Decline

Bears Regain Control After Rally Fails

Propelled by a technical boost following Monday’s 23-centdecline, the natural gas futures market rallied during the firsthour of trading Tuesday as traders took profits on newlyestablished short positions. But after peaking at $2.31 momentsafter 11 A.M. EST, the December contract once again fell victim tothe same negative weather pattern that has weighed on prices theentire month. That downward momentum quickly took back the earlieradvances, depositing December to $2.189, down 0.8 cents for theday.

November 24, 1999

Except for Rockies, Price Descent Slows

With freezing temperatures essentially a no-show throughout theU.S., cash prices continued to decline in most markets Wednesday,with the biggest declines occurring in the supply-engorged Rockies.However, except for western points most of the softness was mild,and some Northeast citygates registered moderate upticks.

November 11, 1999

Stop-Loss Selling Adds to Futures Decline

Natural Gas futures slipped lower for the second day in a rowyesterday as light scale-down industrial buying was no match forcommercial and fund selling. The November contract traded to itslowest price in ten weeks at $2.52 before settling at $2.586, 3.9cents lower on the day.

October 6, 1999

BP Amoco to Cut More Jobs Despite Strong 2Q99

Not even the best financial quarter since the fourth quarter of1997 could prevent BP Amoco from following through with itsjob-cutting plan as the company said it will cut 2,000 morepredominantly US jobs before the year is over. The integratedenergy giant has already slashed 12,500 jobs from the pay roll. Itwould not elaborate on which US jobs would be eliminated.

August 11, 1999

Lower Cash Quotes Take Cue From Tuesday Screen

As sources had expected, the prolonged decline of the Junefutures contract throughout Tuesday’s trading made its influencefelt in softer cash prices Wednesday. But cash losses weredecidedly modest, with nearly all points registering drops of only2-4 cents. Futures offered only a tiny downtick of less than apenny as further guidance Wednesday.

May 20, 1999

Texaco Expects to Hold 1Q Production Levels

Texaco has halted the decline in its U.S. oil and gas productionand expects to maintain first quarter levels through the rest ofthe year, Comptroller George Batavik told analysts Wednesday.

May 3, 1999

Texaco Expects to Hold 1Q Production Levels

Texaco has halted the decline in its U.S. oil and gas productionand expects to maintain first quarter levels through the rest ofthe year, Comptroller George Batavik told analysts Wednesday.

April 29, 1999

Futures Rebound Easily From Wednesday’s Dip

“It was like a bad dream,” was one marketer’s summation ofWednesday’s 4-cent decline that was quickly recouped by yesterday’s4.1-cent advance. Another trader was a little more specific,attributing the downward blip to funds rolling positions from Mayto June. But regardless of the rationale, Wednesday’s lowersettle-the first one in the last seven sessions-looked like theGrand Canyon nestled among the Alps.

April 16, 1999
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