November natural gas futures rocketed higher Monday in active trading as traders fixated mostly on higher crude oil prices in the adjacent trading ring. Funds and managed accounts eager to protect large short holdings did not emerge to defend their position until late in the trading session. November futures gained a hefty 47.1 cents to $7.445 and the December contract added 33.1 cents to $8.012. November crude oil vaulted $2.44 to $86.13 after trading as high as $86.20, a record.
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Natural Gas Futures React Bullishly to Goldman Sachs Report
Instead of focusing on Thursday morning’s natural gas storage report for the week ended March 25, energy traders were fixated on a new research report from Goldman Sachs predicting that the oil market has entered a “super-spike” period that could see prices surge as high as $105/bbl. The firm also said Henry Hub natural gas prices could soar to $13/MMBtu by 2007 (see related story).
April 1, 2005
Barton Defends Inclusion of ANWR in Energy Strategy
Rep. Joe Barton (R-TX) last week defended President Bush’senergy policy strategy against criticism that it’s fixated ondrilling in the Alaska arctic while giving short shift to thenation’s more pressing energy concerns.
February 19, 2001
Barton Tries to Defuse Attack on ANWR
Rep. Joe Barton (R-TX) yesterday defended President Bush’senergy policy strategy against criticism that it’s fixated ondrilling in the Alaska artic while giving short shrift to thenation’s more pressing energy concerns.
February 14, 2001
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