Floodwaters

Nervous Shorts, Rising Waters Help Lift Futures; June Up 7.2 Cents

June natural gas futures rose Monday as traders viewed rising floodwaters as a threat to supply, and those holding short positions elected not to fight the trend. At the close June had risen 7.2 cents to $4.318 and July was up 6.8 cents to $4.379. June crude oil skidded $2.28 to $97.37/bbl.

May 17, 2011