The cash market was a “Tale of Two Cities” Tuesday as the bulk of locations meandered within a couple of pennies of Monday’s settlement, but the swooning Northeast suffered $1 plus declines as near-term weather was expected to moderate. Futures prices resorted to a mixed finish in light trading, and at the close April had risen 0.1 cent to $2.356 and May had dropped 1.0 cents to $2.462. April crude oil followed weak equity markets lower and tumbled $2.02 to $104.70/bbl.
Meandered
Articles from Meandered
Technicians Hopeful, Yet Weather Moderates; September Slumps
September natural gas meandered lower Tuesday as traders are being forced to recognize a cooler temperature environment, but technicians see the market holding critical support for the time being. September fell 9.2 cents to $3.932 and October slid 9.7 cents to $3.942. September crude oil dropped $1.23 to $86.65/bbl.
August 17, 2011
Futures Post Small Gain; Weather Expected to Call Next Shot
The natural gas futures market meandered within its recent trading range again Monday as traders continued to process the mixed signals of early season cold and record storage levels. The December contract traded between $7.740 and $8.070 on the day before retreating to close at $7.961, up 6.4 cents from Friday’s finish.
November 13, 2007
Western Increases Contrast With Eastern Flatness
While eastern markets meandered around in a generally flatperformance Monday, the West was achieving significant gains ofabout a nickel or more. Topping the list was San Juan Basin, wheresupply outages helped drive quotes up by about 15 cents. Prices inthe Rockies, Pacific Northwest and western Canada also were strongdue to cold weather. It snowed in Calgary Monday morning, onesource said, adding this is late in the season for snow but not arecord for Calgary.
May 11, 1999
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