Shred

Futures Tread Water With Bears Still in Control

It appears the natural gas bulls aren’t even allowed to hold on to a shred of price rebound hope as the recent signs of a firming crude futures market were proved incorrect Tuesday by a more than $4/bbl drop. Faced with the economic recession, plenty of gas and a forecasted warm-up in temperatures, February natural gas futures traded a slim 12.8-cent range before closing at $4.503, up 1.3 cents from Monday’s finish.

January 28, 2009