The futures traders who managed to stay alert during Tuesday’s lethargic trading session were able to push the March contract below Monday’s $2.08 low and drop the daily close 4.3 cents to $2.074. But the market remained range-bound with very little fundamental news to prompt significant movement. The high for the day was set just after the opening bell at $2.14 and the $2.070 low was reached just prior to the end of regular trading.
Lethargic
Articles from Lethargic
Reserves Grew Slightly in 1999
A close look at the status of the nation’s gas resources lastyear reveals a lethargic industry barely able to build reserves.However, last year was an improvement over the year prior. Dry gasreserve additions reversed the 2% decline in 1998 and grew lastyear by 2.1% to 167,406 Bcf in the United States, according to anAdvance Summary: U.S. Crude Oil, Natural Gas and Natural GasLiquids Reserves 1999 Annual Report by the Energy InformationAdministration. Reserve additions replaced 118% of gas production.It was the fifth time in the past six years that reserves havegrown.
EIA: Gas Reserves Inched Higher in 1998
A close look at the status of the nation’s gas resources lastyear reveals a lethargic industry barely able to build reserves.However, last year was an improvement over the year prior. Dry gasreserve additions reversed the 2% decline in 1998 and grew lastyear by 2.1% to 167,406 Bcf in the United States, according to anAdvance Summary: U.S. Crude Oil, Natural Gas and Natural GasLiquids Reserves 1999 Annual Report by the Energy InformationAdministration. Reserve additions replaced 118% of gas production.It was the fifth time in the past six years that reserves havegrown.