Cash prices overall averaged about 9 cents lower Monday as trading rosters were thinned by the holiday and near-term weather was close to seasonal conditions. Eastern points fell along with Gulf quotes, but California locations were mostly steady to higher.
Rosters
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Holiday Trading Viewed Cautiously; January Drops 11.3 Cents
Analysts see the natural gas market temporarily stymied by the holiday season and end-of-the-year book squaring. Once trading rosters are up to pre-holiday levels, price movements will have more significance, they say. Holidays or not, January futures shed 11.3 cents to $5.669 Monday and February dropped 11.7 cents to $5.712. The expiring January crude oil contract fell 89 cents to $72.47/bbl.
December 22, 2009
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