After pausing for fresh natural gas inventory news, traders returned pressure temporarily to the upside in natural gas futures Thursday following word that a smaller-than-expected 66 Bcf was injected into underground storage for the week ending Sept. 11. However, the rally gave out after reaching a five-week high of $3.900 as the October contract collapsed to close out the regular session at $3.458, down 30.2 cents from Wednesday’s finish.
Pausing
Articles from Pausing
Futures Shed Pennies, But Traders Hotly Debate $10/MMBtu Level
Pausing to take stock of Thursday’s meteoric rise in April natural gas futures, tuckered-out traders on Friday traded in a slim $9.320 to $9.405 range before pushing the contract to close at $9.366, down 7.7 cents from Thursday’s close but 17.3 cents higher than the previous Friday’s finish.
March 3, 2008
Futures Continue Higher on Short-Covering, Colder Forecasts
After pausing Friday to regroup, the natural gas futures bulls once again were in control on Monday as the February contract reached a high of $8.480 before coming to a close at $8.353, up 14.3 cents from last week’s close.
January 15, 2008
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
