After the May natural gas futures contract inexplicably shot 30.1 cents higher on Monday, traders on Tuesday corrected the situation, but they waited until the last minute to do so. The prompt month ended up closing out Tuesday’s regular session at $9.724, down 37.7 cents from Monday’s finish.
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Futures Test $8 on Short-Covering Despite Balmy Temps
While the Northeast continued to bask in spring-like 60- to 70-degree temperatures in January for a second consecutive session, natural gas futures traders inexplicably continued to pressure upside resistance at $8. The February contract touched that level briefly before finishing out Tuesday at $7.967, up 8.8 cents from Monday’s finish.
January 9, 2008
PPL: Court Should Overturn Montana PSC Order
Following through on previous threats of legal action, PPL Montana yesterday asked a federal court to declare efforts by the Montana Public Service Commission (PSC) to regulate sales from the company’s power plants as being unconstitutional.
July 11, 2001