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After settling below the psychological $7.00 mark for the first time since Sept. 27 on Thursday, December natural gas futures rebounded Friday on sympathy with soaring prices in the petroleum futures complex. The natural gas futures prompt month vaulted back above $7.00 to settle at $7.115, up 24.2 cents on the day.

After settling below the psychological $7.00 mark for the first time since Sept. 27 on Thursday, December natural gas futures rebounded Friday on sympathy with soaring prices in the petroleum futures complex. The natural gas futures prompt month vaulted back above $7.00 to settle at $7.115, up 24.2 cents on the day.

Borrowing from the old question about whether a tree falling in a deserted forest actually makes a sound, gas futures market observers wondered Thursday whether the 44 Bcf storage injection reported by the Energy Information Administration (EIA) actually had any market impact because no one seemed to notice its release.

Borrowing from the old question about whether a tree falling in a deserted forest actually makes a sound, gas futures market observers wondered Thursday whether the 44 Bcf storage injection reported by the Energy Information Administration (EIA) actually had any market impact because no one seemed to notice its release.

Based largely on Tuesday’s screen run-up and to some extent on moderately increasing heating load in the West and some northern areas, swing prices rose Wednesday from a little less than a dime to about 45 cents. All but two points recorded double-digit gains.

Based largely on Tuesday’s screen run-up and to some extent on moderately increasing heating load in the West and some northern areas, swing prices rose Wednesday from a little less than a dime to about 45 cents. All but two points recorded double-digit gains.

Unable to follow up on their whopping 27.6-cent rally on Tuesday, August natural gas futures spent Wednesday shaving off some of the gain ahead of Thursday morning’s natural gas storage report for the week ended July 2. The prompt month traded as low as $6.335 before settling at $6.37, down 5.4 cents on the day.

With the exception of three energy-related tax provisions, House Ways and Means Committee Chairman Bill Thomas (R-CA) has decided to largely forego piggybacking a package of energy tax breaks and incentives to the House version of the corporate tax cut bill (HR 4520).

With the exception of three energy-related tax provisions, House Ways and Means Committee Chairman Bill Thomas (R-CA) has decided to largely forego piggybacking a package of energy tax breaks and incentives to the House version of the corporate tax cut bill (HR 4520).