Natural gas futures seesawed to either side of unchanged only tofinish just a fraction of a cent higher yesterday as a late roundof fund buying retraced losses stemming from commercial and localselling earlier in the session.
Fraction
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First Round of Bidding On El Paso Flops
El Paso Natural Gas last week said it awarded only a smallfraction of the 1.35 BBtu/d of soon-to-be available firm capacityon its system to one shipper — Williams Energy Marketing andTrading — following its recent open season. “There were no bigwinners,” noted El Paso President Richard Baish. The pipelinerejected the majority of shipper bids because they failed to meetthe “minimum revenue threshold” requirements for the capacity.
October 11, 1999
December Futures Recoup a Fraction of Prior Value
After a tempest of trading activity during the first three daysof the week, the futures market settled down Thursday to trademostly sideways amid light volume. Moderate trade-buying below the$2.32 level was the most notable feature of the day. But that wasenough for December to post an up-day-marked by higher highs andhigher lows-to start off its tenure as prompt month. The contractsettled at $2.348, a 2.4 cent gain for the session.
October 30, 1998
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