After tumbling lower for the third Monday in a row, natural gasfutures rebounded yesterday, as buyers were once again willing tosupport the market near the $5.70 level. The March contractreceived the biggest boost, shuffling 19.8 cents higher to finishat $6.019. Most of the gain was notched late in the session, as ashort-covering rally propelled prices by more than a dime higherafter 2:30 p.m. (ET).
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Articles from Holds
CA Grid Holds Together Despite Order Expiration
Despite anxious moments, California’s staggering grid systemheld together Wednesday, avoiding the rolling blackouts somein-state market participants feared would happen in the wake of thefederal emergency order expiring.
February 8, 2001
Despite Bearish Storage, Support Holds Yet Again
After failing to pierce through stubborn support, natural gasfutures rumbled higher yesterday afternoon as traders looked pastbearish storage data to focus on bullish technicals. The Februarycontract received the biggest buying boost, stretching 16.9 centshigher to close at $7.115.
January 25, 2001
ICC Holds First of Gas Price Hearings
In a two-and-a-half hour hearing last Thursday, the IllinoisCommerce Commission brought together various representatives fromgovernment bodies as well as state utilities to discuss and posequestions regarding the current crisis involving high natural gasprices.
January 22, 2001
ICC Holds First of Gas Price Hearings
In a two and a half hour hearing last Thursday the Illinois Commerce Commission brought together various representatives from government bodies as well as state utilities to discuss and pose questions regarding the current crisis involving high natural gas prices.
January 22, 2001
Support Holds, Paves Way for Futures Bounce
After failing to punch through Wednesday’s $6.80 low earlyyesterday, natural gas futures shuffled higher Thursday as traderscovered shorts following a five-day price slide. Over that period,the February contract lost nearly $3 or 30% of its value to closeat $6.909 Wednesday afternoon. February closed at $7.136 yesterday,up 22.7 cents for the session.
January 19, 2001
Strong Demand Holds Load Factors High Despite Alliance
The introduction of the 1.325 Bcf/d Alliance Pipeline into theNorth American gas market appears to have had less of an impact ongas flows out of western Canada than expected, according torepresentatives of TransCanada PipeLines, PG&E Gas Transmissionand Alliance. Extremely strong gas demand in the Pacific Northwest,California and in the Midwest has produced continued high loadfactors on TransCanada and PG&E GT-NW despite the presence oftheir huge new rival for Western Canadian supply.
December 18, 2000
Strong Demand Holds Load Factors High Despite Alliance
The introduction of the 1.325 Bcf/d Alliance Pipeline into theNorth American gas market appears to have had less of an impact ongas flows out of western Canada than expected, according torepresentatives of TransCanada PipeLines, PG&E Gas Transmissionand Alliance. Extremely strong gas demand in the Pacific Northwest,California and in the Midwest has produced continued high loadfactors on TransCanada and PG&E GT-NW despite the presence oftheir huge new rival for Western Canadian supply.
December 13, 2000
Honeoye Storage Holds Open Season
Honeoye Storage Corp. has announced an open season from Nov. 1to Nov. 15 for two key forms of interruptible gas storage servicefrom its facility in Ontario County, NY.
November 6, 2000
Futures Bounce Higher After Support Holds
Despite tumbling prices in the nearby cash market, natural gasfutures held their ground Tuesday as buyers were comforted byextremely oversold conditions and supportive intermediate-termtechnicals. After trading within a wide, 20-cent swath yesterday,the December contract finished at $4.49, a narrow 0.5-cent increasefor the session.
November 1, 2000
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