In concert with a one-two combination of bullish private and governmental weather forecasts, the natural gas futures market spiked briefly above the $7.50 mark Wednesday as non-commercial fund traders reversed to the long side of the market. As it turned out, that may have been an expensive decision because prices tumbled Wednesday afternoon nearly as quickly as they had risen.
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Gas Futures Spike on Expectations for Colder Weather, But Some Forecasters Disagree
Bullied by sudden and seldom-seen agreement between private and governmental weather forecasting agencies last week, natural gas futures spiked 40-50 cents higher Wednesday evening and Thursday as traders initiated long positions that they had liquidated over the past several weeks.
January 6, 2003
SEC Sets $3M Fine for Dynegy, Claims Former CFO Misled Investors
The Securities and Exchange Commission (SEC) agreed to a $3 million settlement with Dynegy Inc. Tuesday, settling the first of its far-reaching “round-trip” energy probes, as well as completing its scrutiny of an off-balance sheet transaction.
September 25, 2002
Storage and Weather Deal Futures One-Two Combo
Fueled by a record-setting storage withdrawal released yesterdayand revised outlooks by both private and governmental weatherforecasters, natural gas futures rocketed higher yesterday toeasily notch new all-time highs.
December 1, 2000
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