Summing up the ongoing bout of range-bound trading activity in the span of 48 hours, August natural gas futures virtually erased Tuesday’s gain of 8 cents with Wednesday’s decline of 7.7 cents as the prompt-month contract closed out Wednesday’s regular session at $4.513.
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Articles from Erased
Futures Gain Nearly 30 Cents as Talk of Bottom Grows
While the cause of Wednesday’s rally in natural gas futures remains up for debate, the reality is that the June contract erased Tuesday’s 11-cent drop by climbing most of the day to close at $3.887, up 27.2 cents from Tuesday’s finish. The talk among traders on the day was that the upward price action was caused by fund buying, a rupture on Panhandle Eastern Pipe Line, Jim Cramer’s bullish prognosis, or some mixture of the three.
May 7, 2009
Government Expected to Oppose Move to Erase Lay’s Record
The defense team for Enron Corp. founder Kenneth Lay on Wednesday formally requested that Lay’s criminal record be erased. However, the government has indicated it plans to oppose the motion.
August 21, 2006
Government Expected to Oppose Move to Expunge Lay’s Record
The defense team for Enron Corp. founder Kenneth Lay on Wednesday formally requested that Lay’s criminal record be erased. However, the government has indicated it plans to oppose the motion.
August 17, 2006
Sharp Declines in Energy Stocks Erased Following Fed Decision
Financial accounting worries and a wave of bad news from several energy companies added to the negative pressure in the larger stock market early Wednesday before investor sentiment took a turn for the better in the late afternoon.
January 31, 2002
Return of ‘Lost Demand’ Key to Future Gas Prices
As natural gas storage levels recently erased the long-standing deficit when compared to last year’s levels, turning it into a surplus for the first time since January 2000, analysts are being forced to take another look at their natural gas price forecasts for the remainder of 2001 and for 2002.
June 11, 2001
SSB, Lehman See Return of ‘Lost Demand’ Key for Prices
As natural gas storage levels last week erased the long standing deficit when compared to last year’s levels, turning it into a surplus for the first time since January 2000, analysts are being forced to take another look at their natural gas price forecasts for the remainder of 2001 and for full year 2002.
June 6, 2001
Storm Concerns Lift Futures Out of Early Hole
Natural gas futures eked out its eighth-straight daily gainyesterday as traders erased early foray into negative territorywith storm-related buying in the afternoon. The September contractled the charge, advancing 4.9 cents to finish at $4.468. Estimatedvolume was light as only 58,956 contracts changed hands.
August 11, 2000
Futures Resume Downturn; Friday’s Gains Erased
Warm weather forecasts and the large separation between cash andfutures prices spoiled the nice rally futures traders had goinglate last week. Prices opened down a nickel, made slight gains andthen slid the rest of the day. After opening at $2.600, Decemberposted a mid-day high at $2.635 and then collapsed to a low of$2.520. It settled down 12.5 cents at $2.524. January lost 10.7cents to settle at $2.681, and February slipped 8.5 cents to endthe day at $2.640/MMBtu.
November 16, 1999
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