The rally in natural gas futures Thursday morning was stunted after the Energy Information Administration (EIA) reported that another 20 Bcf was injected into underground storage for the week ending Nov. 13. Even though the December contract ended up recording a gain on the day, the bottom line for traders is that even more gas has been added to the already record storage situation.
Stunted
Articles from Stunted
Breathitt: Market Center Growth Stunted by Pipe Rates
FERC Commissioner Linda Breathitt last week called on theCommission to initiate a generic review of whether the ratestructures of most interstate gas pipelines, especially TennesseePipeline, are inhibiting the development of market centers.
July 3, 2000
Breathitt: Market Center Growth Stunted by Pipe Rates
FERC Commissioner Linda Breathitt yesterday called on theCommission to initiate a generic review of whether the ratestructures of most interstate gas pipelines, especially Tennessee,are inhibiting the development of market centers.
June 29, 2000
Technical Rally Stunted by AGA Data
The futures market continued to spike higher at Nymex yesterday,adding to advances that have lifted the October contract 36.3 centssince last week. October finished the day up 11.8 cents to settleat $2.241. In doing so, natural gas futures set a new daily volumerecord with an estimated 142,867 contracts changing hands.
September 17, 1998
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