Cash prices weakened across most points Friday as traders attempted to navigate the tricky three-day trading window with lower weekend demand followed by a higher demand start to the week.
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Natural Gas at Risk from Cycles, Economy; February Drops 15.9 Cents
February natural gas futures retreated Tuesday as traders had to navigate both a strong dollar and seasonal analyses showing a deferral of the preseason low by up to two months. February futures skidded 15.9 cents to $4.642 , and the March contract dropped 18.2 cents to $4.631. The expiring February crude oil contract enjoyed last-minute buying and rose $2.23 to $38.74, but more distant contracts fell.
January 21, 2009
Sempra Eyes Growth; RBS Deal Closes
Sempra Energy hopes to better navigate roiling global financial markets now that its trading joint venture with the Royal Bank of Scotland (RBS) received final regulatory approval from the U.S. Federal Reserve Bank to complete the formation of their commodities/marketing joint venture, RBS Sempra Commodities. Sempra CEO Donald Felsinger said he would like to boost the San Diego-based energy company’s stock price.
March 31, 2008
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