December natural gas nearly notched a double-digit loss Wednesday as traders prepared for a government inventory report likely to show an inventory addition well above last year’s and the five-year average. At the close December had fallen 9.3 cents to $3.652 and January had skidded 9.4 cents to $3.749. December crude oil fell $1.06 to $95.74/bbl.
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Articles from Notched
May Gains a Few Pennies But Still Settles Sub-$4
Following the recent trend of countering the preceding day’s price move, May natural gas futures on Tuesday notched a $3.879 low before rebounding to close at $3.975, up 3.1 cents from Monday’s finish.
April 21, 2010
May Gains a Few Pennies But Still Settles Sub-$4
Following the recent trend of countering the preceding day’s price move, May natural gas futures on Tuesday notched a $3.879 low before rebounding to close at $3.975, up 3.1 cents from Monday’s finish.
April 21, 2010
Traders See $4 Support as Temporary
Support at $4 held up once again on Tuesday as April natural gas futures notched a low of $4.058 before rebounding to close at $4.130, up 5.1 cents from Monday’s finish.
March 24, 2010
Traders See $4 Support as Temporary
Support at $4 held up once again on Tuesday as April natural gas futures notched a low of $4.058 before rebounding to close at $4.130, up 5.1 cents from Monday’s finish.
March 24, 2010
Moderating Weather Forecasts Weigh on Futures; March Slips 11.7 Cents
One day after breaking below psychological support at $5, March futures values on Tuesday notched their fourth consecutive day lower, leaving market watchers wondering what would be in store for the contract’s expiration on Wednesday. The prompt-month contract reached a low of $4.773 before closing Tuesday’s regular session at $4.778, down 11.7 cents from Monday’s finish. With that, the contract has plummeted 66.8 cents over the last four regular sessions.
February 24, 2010
Moderating Weather Forecasts Weigh on Futures; March Slips 11.7 Cents
One day after breaking below psychological support at $5, March futures values on Tuesday notched their fourth consecutive day lower, leaving market watchers wondering what would be in store for the contract’s expiration on Wednesday. The prompt-month contract reached a low of $4.773 before closing Tuesday’s regular session at $4.778, down 11.7 cents from Monday’s finish. With that, the contract has plummeted 66.8 cents over the last four regular sessions.
February 24, 2010
Futures Rally Hits Stumbling Block at $5.30
Not satisfied with the nine-month high notched on Tuesday, November natural gas futures continued to press the upside for a majority of Wednesday’s regular session before collapsing in afternoon trade to close at $5.100, down 6.1 cents from Tuesday’s finish.
October 22, 2009
Futures Rebound; Traders Eye ‘Out of Line’ Oct.-Nov. Spread
Coming off last week’s 43.4-cent decline, which broke the psychological $3 support line and notched a seven-year low, September natural gas futures underwent a little bit of a corrective action on Monday as the prompt-month contract regained 11.9 cents to close out the regular session at $2.923.
August 25, 2009
Post-Hurricane Gulf of Mexico Gas Production Inches Forward
Gulf of Mexico (GOM) operators notched another small advance in efforts to restore natural gas production following hurricanes Gustav and Ike, according to a Tuesday report from the Minerals Management Service (MMS). However, the estimate of oil production restoration took a big step back compared to Monday’s estimate, which turned out to be erroneous.
October 1, 2008
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