With commercial traders reticent to make a move before the weekend and many local speculators leaving the trading pit early for their annual trip to the Kentucky Derby, natural gas futures moved quietly lower Friday to cap off a negative week of trading activity. With its $5.255 close, the June contract finished 1.2 cents lower for the session and down almost 30 cents for the week.
Reticent
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AGA Mum on Reasons for Major Storage Revision
AGA was even more reticent than normal when asked why it made one of the largest revisions ever to its weekly storage data. As many experts had expected, the association revised the 3 Bcf storage injection it reported last week for the week ending Aug. 10 to a 50 Bcf injection.
August 23, 2001
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