Spooked by the potential of coming in Monday to a full-blown hurricane churning in the Gulf of Mexico, natural gas futures traders on Friday pushed the July contract to a high of $4.893 before the contract closed the regular session at $4.861, up 11.3 cents from Thursday’s finish but 13.6 cents below the previous week’s close.
Spooked
Articles from Spooked
Bears Unfazed; September Drops 12.9 Cents Despite Lean Supply Stats
Natural gas bears weren’t spooked by the release of government inventory data showing additions to supplies that were slightly less than anticipated.
August 1, 2008
Futures Rebound Nearly 40 Cents on Crude Sympathy
Spurred higher by somewhat colder temperatures and a spooked crude futures market, February natural gas started Tuesday above $9 and continued higher from there. The prompt month peaked at $9.290 just before settling at $9.168, up 37.7 cents from Friday’s close.
January 18, 2006
Futures Rise on Friday, But Finish the Week Lower
Following the lead of a crude futures market that was spooked by a string of events, September natural gas on Friday took back some of Thursday’s losses and jumped above $9 once again, but still managed to stay within the previous day’s trading range.
August 22, 2005
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