“Summertime, and the livin’ is…way too hot,” would likely be how George and Ira Gershwin would revise their classic for contemporary times. But despite a heat wave continuing to envelop several market areas, prices retreated to either side of flat in most cases Tuesday and even saw some dives at the previously high-flying Northeast citygates.
Envelop
Articles from Envelop
Moderating Weather Forecasts Trip Futures; July Loses 17.3 cents
July natural gas futures slumped Friday as forecasts called for moderate temperatures to envelop eastern and Midwest energy markets. A weaker petroleum complex also tugged prices lower. At the end of the day July natural gas closed at $12.625, down 17.3 cents from Thursday and 6.8 cents lower than the previous week’s finish.
June 16, 2008
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