Disregarding the fact that natural gas storage levels were revealed to have reached an all-time record just one day prior, November futures — fresh off Thursday’s 37.5-cent drop — reversed course on Friday by adding 25.2 cents to close at $4.718.
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Futures Tumble as Weak Cash, Robust Storage Conquer Cold Weather
Disregarding the arrival of Arctic air in favor of focusing on the weakness in the cash market and near-record natural gas storage levels, traders on Thursday pushed November natural gas futures 36.8 cents lower to close at $5.782. Action on Thursday marked the contract’s second consecutive 30+ cent loss.
October 13, 2006
Futures Continue Slump Despite Well Above Average 202 Bcf Withdrawal
Disregarding the bullish natural gas storage report, January natural gas on Thursday dropped significantly for a second consecutive session, reaching a low of $13.750 before settling at $13.781, down 89.8 cents for the day. This brings the two-day decline total to $1.597, while the week’s decline so far stands at 53.1 cents.
December 16, 2005
2000 Swing Market Begins on Slightly Softer Note
Disregarding debate over whether the new millennium has alreadybegun or won’t arrive until nearly a year from now, gas tradersgreeted the year 2000 by sending spot prices moderately lower. Itwas hardly surprising that the January aftermarket would open on adownward trend, a Texas marketer said. “We’ve been wondering whythis market has remained up as much it did. Everything seemsbearish.”
January 4, 2000
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