Bolstered by follow-through buying on the heels of Monday’s14.5-cent rally, natural gas prices pressed higher early yesterdayonly to tumble back to near unchanged. At the closing bell, Junefutures were up a scant 1.3 cents at $3.183.
Pressed
Articles from Pressed
Warm Winter Forces Nicor to Buy Insurance
With the winter heating season totaling 14% warmer than normalso far, gas utilities will be hard pressed to prevent seriousearnings declines. As a result, Nicor ran out and bought a weatherinsurance policy for fiscal year 2000 that is designed to provideprotection from the financial impact of unusually warm weather.
January 10, 2000
Warm Winter Forces Nicor to Buy Insurance
With the winter heating season totaling 14% warmer than normalso far, gas utilities will be hard pressed to prevent seriousearnings declines. As a result, Nicor ran out and bought a weatherinsurance policy for fiscal year 2000 that is designed to provideprotection from the financial impact of unusually warm weather.
January 7, 2000
Cash Prices, Weather Has Bulls Rearing Horns
Taking a cue from stronger cash market prices, the futuresmarket continued higher yesterday as buyers pressed prices throughseveral key resistance levels. After gapping higher on the open at$2.55, the January contract moved mostly sideways before checkinglower to fill in the gap late in the morning. However, from thereit was all gravy for bulls, who bid the prompt month up 7.6 centsto its $2.585 close.
December 15, 1999
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