February natural gas closed modestly higher Tuesday as prices generally ignored soaring oil and equity markets and posted an ominous new low during the session. Traders suggested that further price declines were likely. At the close February had risen 0.4 cent to $2.993 and March had inched higher 0.6 cent to $3.022. February crude oil bounded higher by $4.13 to $102.96/bbl.
Ominous
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Producers Prepare for Possible Ernesto Strike
As the anniversary of Hurricane Katrina approached, the energy industry was watching ominous Tropical Storm Ernesto, which was strengthening in the Atlantic Basin Friday night. As of 5 p.m. EDT Friday the National Hurricane Center (NHC) was predicting that Ernesto would become the season’s first hurricane by Monday and could track right into the center of the Gulf of Mexico possibly targeting the Texas or Louisiana coasts.
Producers Ready to Evacuate if Ernesto Moves into GOM
As the one-year anniversary of Hurricane Katrina approached, the energy industry was watching a possibly ominous Tropical Storm Ernesto, which was strengthening in the Atlantic Basin.
‘Fat Boy,’ ‘Death Star’ Strategies Rationalized CA Market
The names — “Fat Boy,” “Death Star” — may sound ominous, but the strategies they represent actually served to arbitrage the California market, lending it equilibrium and efficiency, according to an economist with the global consulting firm NERA (National Economic Research Associates) in a paper released earlier this month.