Following the September contract’s 11.3% decline in values last week, the October contract, in its first regular session action as the front month, rebounded on Monday to close at $3.812, up 10.7 cents or 3% from Friday’s close.
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Heat Gains, Futures Boost Most Cash Points
Prices rebounded by generally small amounts in most of the market Wednesday as the South is beginning to contribute more air conditioning load than earlier this week and is being abetted to a smaller degree by warming trends in the Midwest. The previous day’s screen gain of 3.9 cents also gave a modicum of positive guidance to cash numbers.
Service Companies See Shift to Onshore
Houston-based Baker Hughes Inc. (BHI) last said its quarterly earnings rose nearly 7% as North American markets, especially onshore, rebounded from a year ago. The company also is seeing a willingness “like never before” to invest in new technology, the COO said.
Baker Hughes Earnings Up on North America Gains
Houston-based Baker Hughes Inc. (BHI) on Tuesday said its quarterly earnings rose nearly 7% as North American markets, especially onshore, rebounded from a year ago. The company also is seeing a willingness “like never before” to invest in new technology, the COO said.
BP, Anadarko Shares Rebound; Analysts Warn of Consequences
BP shares in the U.S. market rebounded sharply Thursday as investors who had pushed the panic button Wednesday heeded cooler analytical heads and drove the price up more than 12% at the close from the 14-year low recorded the previous day.
Most Market Points Rise Along With Temperatures
After a string of mostly declines last week, the natural gas cash market rebounded on Tuesday as some early summer heat resulted in most locations recording increases from a few pennies to a dime.
Futures Tread Water Ahead of Storage Report
April natural gas futures on Wednesday recorded a new low for the larger down move, but rebounded ahead of the arrival of fresh storage data Thursday to close at $4.559, up 4.3 cents from Tuesday’s finish.
Futures Tread Water Ahead of Storage Report
April natural gas futures on Wednesday recorded a new low for the larger down move, but rebounded ahead of the arrival of fresh storage data Thursday to close at $4.559, up 4.3 cents from Tuesday’s finish.
Winter a ‘Draw’ for Bulls, Bears
March natural gas futures rebounded from Tuesday’s 15.8-cent slide to gain 7.6 cents on Wednesday. The prompt-month contract closed the regular session at $5.386.
Winter a ‘Draw’ for Bulls, Bears
March natural gas futures rebounded from Tuesday’s 15.8-cent slide to gain 7.6 cents on Wednesday. The prompt-month contract closed the regular session at $5.386.