Both cash and futures markets continued to grind lower with the physical market retreating anywhere from 4 to 8 cents with an average overall loss of 6 cents. Eastern, Gulf and Midwest points all took losses.
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Bulls Stay in Control; April Gains 1.1 Cents
April natural gas futures continued to grind higher as traders continued to note an overall bullish mentality to petroleum markets and a general unwillingness to sell. The April contract rose 1.1 cents to $10.011, and May settled 1.4 cents higher at $10.078. April crude oil continued its march higher adding $1.17 to $109.92 after trading as high as $110.20.
March 13, 2008
Futures Grind Lower as Apprehension Over Weather Forecasts Mounts
Natural gas futures completed a topsy-turvy trading week on a down note Friday, pressured lower by light pre-holiday profit-taking. The January contract dropped 14 cents to close at $6.982.
December 22, 2003