As stock markets rebounded Monday on news of bank rescue plans across the globe, so to did energy commodities, which have been mimicking the financial twists and turns as of late. November natural gas futures climbed 15.3 cents to close at $6.688 while November crude futures added $3.49 to close at $81.19/bbl.
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Broker: ‘Trend Is Your Friend’ as Futures Edge Above $13.50
Taking momentum from Monday’s session, August natural gas streaked higher in Tuesday morning trading to record a high of $13.610. Mimicking Monday’s 15.5-cent gain, the prompt-month contract added a similar 15.2 cents Tuesday to finish the regular session at $13.505.
July 2, 2008
Futures Bump Higher on CSU’s Hurricane Forecast Update
Mimicking last Monday’s market response to the National Oceanic and Atmospheric Administration’s bullish Atlantic hurricane forecast, July natural gas on Wednesday jumped higher following the Colorado State University (CSU) forecast team’s updated expectations (see related story). Prompt-month natural gas Wednesday reached a high of $6.450 before settling at $6.384, up 26.1 cents on the day.
June 1, 2006
Week-Earlier Pattern Continues in Monday Rally
With big rebounds Monday, prices continued a pattern of mimicking the behavior of the trading days bracketing the Oct. 2-3 weekend. The latest rally had gains in the Gulf Coast and Northeast smaller than those of a week earlier, while advances in the Midcontinent/Midwest and West generally surpassed the ones at the same points on Oct. 4.
October 12, 2004
Taking its Cue From Oil, Natural Gas Futures Swing Lower
Continuing the trend this season of mimicking the crude oil futures market, the June natural gas futures contract followed its liquid big brother lower on Monday, closing down 11 cents at $6.184. The drop was in contrast to the start of last week, when June natural gas futures enjoyed a 36.9-cent breakout gain.
May 11, 2004
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