The Commodity Futures Trading Commission (CFTC) Tuesday voted out a rule requiring the establishment of a data reporting system, a precursor to the setting and enforcement of aggregate position limits for physical commodity swaps (see Daily GPI, July 22).
Precursor
Articles from Precursor
Modest Rebound Could Be Precursor to Larger Move Higher This Week
Despite an overwhelming preponderance of bearish fundamental information available Friday, natural gas futures traders played it safe, electing to gently cover shorts on the off chance that weather forecasts would offer a bullish surprise when trading resumed Sunday evening and Monday morning.
November 10, 2003
Price Rally Gets Stronger, But Already Fading Fast
Prices continued to soar Tuesday, as a precursor of winter spread from the Midwest into the Northeast and Southeast market areas. Gains tended to be even stronger than those recorded in Monday’s post-weekend rally, with a majority of points jumping by about half a dollar or more.
November 26, 2001
Anadarko Takes $827 Million Write-Down on 3Q
As a precursor to releasing its third quarter earnings next week, Anadarko Petroleum Corp. reported Friday that it will record a non-cash, pre-tax charge of $827 million, or $483 million after-taxes ($1.81 per diluted share) in the quarter as a result of low natural gas prices and unusually high differentials for heavy oil at the end of the quarter.
October 22, 2001
Williams Reaches Partial Settlement with Utes
As a precursor to an expected mid-April Supreme Court decisionon the Southern Ute Indian Tribe vs. BP Amoco rights and royaltycase, the Williams Cos., one of the defendants represented by BPAmoco, announced a partial settlement with the Southern Ute tribeThursday. The settlement released the Williams subsidiary involvedin the trial, Williams Production Co., from all claims included inthe lawsuit, but did not address key ownership issues.
March 26, 1999
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