Weak Job Growth Seen in Ohio Shale, But Retail Sales Strong

Weak Job Growth Seen in Ohio Shale, But Retail Sales Strong

Researchers from Cleveland State University (CSU) said Ohio counties with significant Marcellus and Utica shale development have seen only a modest increase in job creation in 2012, but those same counties also saw a large increase in retail sales.

March 27, 2013

Most Cash Points, Futures Take Seasonal Slide

Most cash market averages inched lower Tuesday with the exception of a handful of Northeast points, much of the Midcontinent and California locations, which posted gains.

May 30, 2012

Cash Crawls Higher, But Consultant Sees $1 Handle Summer Gas

Cash quotes overall inched higher by about a penny, but flat to lower quotes at a few spots in the Great Lakes and Northeast were offset by firm Rockies prices and restriction-derived gains of about a nickel in California. The Energy Information Administration (EIA) reported a build of 30 Bcf, about what the market was looking for. Prices slumped initially but managed to climb back into the plus column before closing. At the end of the day June futures were 2.2 cents higher at $2.487 and July gained 1.9 cents to $2.569. June crude oil rose 27 cents to $97.08/bbl.

May 11, 2012

Recent Lows Seen Vulnerable; Futures Mixed

January natural gas drifted lower and February inched higher in uninspired trading Tuesday such that even options expiration could not whet trader appetites. Traders noted no attempts to either attack or defend nearby options strikes, and futures prices settled within fractions of Friday’s close. At the closing bell January had slipped 0.2 cent to $3.112 and February had added 0.3 cent to $3.150. February crude oil rose $1.66 to $101.34/bbl.

December 28, 2011

Bears Ignore Bullish Storage Stats; January Slips

January natural gas inched lower Thursday as traders took the opportunity to sell into a seemingly bullish government inventory report and looked ahead to forecasts calling for above-normal temperatures. The Energy Information Administration (EIA) reported a withdrawal from inventories of 102 Bcf for the week ended Dec. 9, a greater draw than what the market was looking for. At the close, however, January had eased 0.9 cent to $3.127 and February had shed 1.0 cent to $3.177. January crude oil fell $1.08 to $93.87/bbl.

December 16, 2011

Traders on the Bench Following MF Global Failure; December Gains

December natural gas inched higher Monday as traders focused less on trading and more on the latest failure of a prominent energy trading firm. Trading volume was light. At the close December had gained 1.1 cents to $3.934 and January had risen 1.4 cents to $4.056. December crude oil fell 13 cents to $93.19/bbl.

November 1, 2011

No Follow-Through from Supportive Storage Report; November Eases

November natural gas inched lower Friday as buying momentum from Thursday faded and traders continued to focus on a market burdened by a host of negative supply-demand factors. They suggested that prices could work nearly 40 cents lower from present levels. At the close November had drifted 0.1 cent lower to $3.629 and December had fallen 0.8 cent to $3.826. December crude oil gained $1.33 to $87.40/bbl.

October 24, 2011

Analysts Try to Correct Last Week’s Errors; September Virtually Flat

September natural gas inched higher Wednesday as traders noted a less supportive weather environment, but they were reluctant to initiate any new positions prior to the release of a key government inventory report Thursday. At the close September was up 0.1 cent to $3.933 and October had added 0.1 cent to $3.943. September crude oil rose 93 cents to $87.58/bbl.

August 18, 2011

Two U.S. LNG Export Plans Authorized

The Lower 48 United States has inched closer to being an exporter of domestically sourced liquefied natural gas (LNG) with the granting of U.S. Department of Energy (DOE) export authorizations to two different projects.

August 8, 2011

July Crawls Higher, But Sentiment Wavers

July natural gas futures inched higher Tuesday as traders see the market needing to overcome difficult technical resistance before any trend higher can be resumed while others see the market at a turning point. At the close July had advanced a miserly 0.4 cent to $4.831 and August futures were up 0.1 cent to $4.858. July crude oil rose 8 cents to $99.09/bbl.

June 8, 2011
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