After dipping to a new low for the move at $3.049 repeatedly in overnight Globex trade, September natural gas futures rebounded a bit during Wednesday’s regular session. Falling just short of sub-$3 prices for the first time since the same week of 2002, the prompt-month contract ended up closing the day’s session at $3.119, up 2.3 cents from Tuesday’s close.
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Kelliher: Gas Storage Could ‘Routinely’ Fill Up Earlier Than in Past
Natural gas storage may “routinely fill up in the U.S. much earlier than in the past,” FERC Chairman Joseph Kelliher told reporters at a Washington, DC press briefing on Wednesday.
July 27, 2006
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