June natural gas futures retreated in active trading Tuesday, as traders noted a lessening of risk from Mississippi River flooding, but a bevy of weak economic reports proved difficult to ignore. At the close June had fallen 13.6 cents to $4.182 and July was down 13.3 cents to $4.246. June crude oil shed 46 cents to $96.91/bbl.
Lessening
Articles from Lessening
Weather, Futures Spur Gains at Most Points
It wasn’t a complete upturn, but the hints in the previous day’s market that a lessening of overall weakness might lead to a general rally Thursday came to fruition. Abetted by the May futures increase of 9.2 cents Wednesday and a rather slow easing of cold weather in much of the northern U.S. and Canada, a mixed market saw gains outnumbering losses.
April 1, 2011
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