September natural gas futures shed slightly less than half of Thursday’s gains Friday as traders mulled not only the fact that natural gas failed to advance with crude oil, but also soft economic data. September futures slipped 9 cents to $3.653 and October retreated 7.9 cents to $3.909. September crude oil added a stout $2.51 to $69.45/bbl, and the Dow Jones Industrial Average rose 17 points to 9,171.
Mulled
Articles from Mulled
Futures Look for Middle Ground, Settle Nearly A Dime Higher
April natural gas futures kept to a tight 15.5-cent range Tuesday before closing 9 cents higher at $9.419 as traders mulled supply concerns, weather uncertainties and the potential impact of a U.S. economic recession.
March 26, 2008