Proving that Thursday’s explosion to the upside was less of an aberration than many had expected, the rally in natural gas futures showed some staying power Friday as the April contract closed at $4.227, up 5.3 cents from Thursday and 29.5 cents higher than the previous week’s finish.
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Most Points Fall Again; Some in Midcontinent, West Up
A majority of prices continued to drop Monday after more moderate weather showed up over the weekend in much of the East. The previous Friday’s 27.5-cent drop by January futures also contributed to the overall cash market bearishness.
Secondary Capacity Trading Increases Under New Rules
Capacity trading in the secondary market overall showed an increase in the last three months compared to the August through October period last year with above maximum rate trades under the new FERC Order 712 no-cap rules contributing more than one-third of the gain in the number of transactions, according to Capacity Center, which tracked the capacity release deals on 53 interstate natural gas pipelines.
CFTC: Index Trader Activity on Nymex Fell as Oil Prices Rose
A report issued by the Commodity Futures Trading Commission’s (CFTC) staff last Thursday showed that while crude oil futures prices rose on the New York Mercantile Exchange (Nymex) during the first half of the year, the level of activity by oil commodity index traders declined. The finding appears to refute the claim of Capitol Hill Democrats, who say that speculation by index traders drove crude oil prices up this year.
CFTC: Index Trader Activity on Nymex Fell as Oil Prices Rose
A report issued by the Commodity Futures Trading Commission’s (CFTC) staff Thursday showed that while crude oil futures prices rose on the New York Mercantile Exchange (Nymex) during the first half of the year, the level of activity by oil commodity index traders declined. The finding appears to refute the claim of Capitol Hill Democrats, who say that speculation by index traders drove crude oil prices up this year.
Futures at a Crossroads Between Bullish-Bearish Break
July natural gas futures showed some signs of weakness Tuesday, which had at least some traders wondering whether the 19.2-cent drop to $13.011 was something more than a small pullback in the larger bull move.
Williams Pipeline IPO Succeeds in Weak Market
In the first initial public offering (IPO) to debut this year, Williams Pipeline Partners LP showed modest gains Friday then settled at its opening price of $20/unit by the market’s close — considered a success in current market conditions.
Williams Pipeline IPO Succeeds in Weak Market
In the first initial public offering (IPO) to debut this year, Williams Pipeline Partners LP showed modest gains Friday then settled at its opening price of $20/unit by the market’s close — considered a success in current market conditions.
Apache’s North American Gas Output Grows But Profit Down
Apache Corp. reported a 5% decline in quarterly profit Thursday, but the Houston-based independent showed gains on natural gas price realizations and an healthy increase in U.S. and Canadian gas production.
Apache’s Profit Wanes but North American Gas Output Grows
Apache Corp. reported a 5% decline in quarterly profit Thursday, but the Houston-based independent showed gains with better natural gas price realizations and an increase in U.S. and Canadian gas production.