Lackadaisical

Ringing in the official start to the 2007 Atlantic hurricane season, July natural gas futures traders on Friday put in a lackadaisical regular session that resulted in the contract settling at $7.878, down 5.7 cents on the day, but 8.3 cents higher than the previous week’s close. However, later Friday afternoon, the National Hurricane Center (NHC) reported that Tropical Storm Barry had formed approximately 320 miles southwest of Tampa, FL, possibly giving the bulls a little more psychological ammo in the coming week.