Hurricane Georges roared through a deserted eastern Gulf of Mexico today, the fifth of what has been an alphabet soup of named storms to hit in four of the last five weeks, once again sending producers scurrying for shore, shutting in production or putting wells on automatic pilot.
Roared
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Futures Set Sights on $2.00
The futures market roared back to life on Monday, nearlyrecouping losses registered on Friday by trading 6.7 cents higherto settle at $1.945. Traders continued to cite a strong technicaloutlook coupled with increasingly bullish fundamental factors as areason for the advances.
September 15, 1998
Spot Prices Falter; Trade Down to Bidweek Levels
March prices, which had roared off to a strong start on Monday,filtered lower Tuesday leaving traders wondering if March wouldfollow the weather adage and trade out like a lamb. Cash priceswere slipping anywhere from a couple cents to nearly a dime Tuesdayin most markets. In doing so, many spot points achieved in Marchwhat they were unable to do the entire month of February: tradebelow index. Rockies gas, however, remained in high demand, immuneto the overall losses.
March 4, 1998
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