Hitching

Futures Drop 11 Cents as Season’s Last Sizeable Storage Pull Looms

Once again hitching their wagon to crude oil futures, April natural gas futures on Wednesday probed lower, reaching a session low of $7.09 before settling at $7.138, down 11 cents on the day. While the decline was significant, it failed to test $7.05, which is considered to be the lower boundary of the market’s current trading range.

March 24, 2005