Emotions

Natural gas futures traders went through a range of emotions Thursday morning after the Energy Information Administration (EIA) reported that 111 Bcf was withdrawn from underground natural gas storage inventories for the week ending March 5. The number, which was just above most industry expectations, set off a mini-price rollercoaster that ultimately resulted in new lows for the down move.

If emotions about national sovereignty issues can be put aside, the Mexican government could begin removing the prohibitions against foreign investment in the country’s state-owned oil company Petroleos Mexicanos (Pemex) by later this summer, the energy minister said Wednesday.