Cash natural gas prices vaulted higher Thursday on average by 15 cents. Oppressive heat over much of the country was cited as driving prices higher, but on the West Coast traders attributed the higher quotes to a stronger screen. At the close of futures trading the August contract had gained 4.6 cents to $2.945 and September had posted an advance of 3.9 cents to $2.950. August crude oil slipped 44 cents to $87.22/bbl.
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Traders Hint at Seasonal Low; August Inches Higher
August natural gas futures treaded water Friday in spite of ongoing oppressive heat and trader perceptions that the market may have put in an important seasonal low. At the close August had risen 0.4 cent to $4.399 and September had added 0.8 cent to $4.370. September crude oil gained 74 cents to $99.87/bbl.
July 25, 2011
Technicians in Charge; Market Decline Seen as August Trades Flat
August natural gas was unchanged Monday in trading largely described as technical with little impact from forecasts continuing to call for oppressive heat throughout major energy markets. At the close August had settled flat at $4.546 and September was up 0.4 cent to $4.524. August crude oil fell $1.31 to $95.93/bbl.
July 19, 2011
Cash Points Higher on Sprawling Heat Wave, Storms
Sparked by Friday’s 17.4-cent gain in July natural gas futures, the oppressive heat wave in a number of U.S. regions and fierce storms in the Midwest and the Plains that are headed for the Northeast and Mid-Atlantic, most cash points moved higher on Monday with some Rockies locations — which lost more than a dollar on Friday — gaining the same amount back.
June 10, 2008
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