Meteorologists

Futures Rally on Private Weather Forecasts, Bullish Storage Expectations

Boosted by another bullish weather forecast from Salomon Smith Barney meteorologists, natural gas futures spiked to new two-year highs Wednesday as fund and local buying converged at Nymex. The March contract received the biggest buying boost as it topped out at $6.20 before being deposited lower by light afternoon profit taking. It settled at $6.134, up 22.3 cents for the day.

February 20, 2003
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