Those who viewed the lackluster morning trade and forecasted a quiet lead into the weekend for natural gas futures were sorely mistaken as a fierce round of short-covering was sparked just before 2 p.m. EDT. April natural gas futures reached a high of $4.425 before closing out the regular session at $4.403, up 15.9 cents from Thursday’s close.
Mistaken
Articles from Mistaken
After a Winter of Mistaken Forecasts, Record Prices, What Will Summer Bring?
“El Nino” apparently isn’t Spanish for “low natural gas prices.” Glance at last week’s record and near-record Gulf Coast and Northeast spot gas prices, a rare operational flow order on Transcontinental Gas Pipe Line and another in a string of cold fronts walloping the Northeast and it’s clear weather forecasters got it wrong this winter in a big way.
March 3, 2003
After a Winter of Mistaken Forecasts, Record Prices, What Will Summer Bring?
“El Nino” apparently isn’t Spanish for “low natural gas prices.” Glance at Tuesday’s record and near-record Gulf Coast and Northeast gas prices, a potential rare operational flow order on Transcontinental Gas Pipe Line and another in a string of cold fronts walloping the Northeast and it’s clear weather forecasters got it wrong this winter in a big way.
February 26, 2003
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