Swings

Cash Gains, But Lean Build Report Fails to Rally Futures

Overall cash prices Thursday rose a penny on average, but the modest change belies regional swings. The Northeast plunged as pipeline supplies from the Canadian Maritimes returned, and southern California rose as the area remained in the grip of a heat wave.

September 14, 2012

Forecast Swings Lead Futures to Close Week Nearly Unchanged

During a week that saw swings of 20 cents — higher on Monday and lower on Wednesday — February natural gas futures on Friday ended up closing quietly at $4.422, down 1.2 cents from Thursday’s finish but 1.7 cents higher than the previous week’s close.

January 10, 2011

Futures Tread Water as Traders Debate Next Move

Possibly a little perplexed from the recent back-and-forth swings in natural gas futures values, traders on Monday kept the May contract in a tight range between $4.174 and $4.313 before it closed out the regular session at $4.262, up half of a penny.

April 27, 2010

Futures Tread Water as Traders Debate Next Move

Possibly a little perplexed from the recent back-and-forth swings in natural gas futures values, traders on Monday kept the May contract in a tight range between $4.174 and $4.313 before it closed out the regular session at $4.262, up half of a penny.

April 27, 2010

Futures Rebound, But Traders Keep Hooves and Horns in Storage

Continuing the trend of back-and-forth swings ahead of expiration Wednesday, August natural gas futures, unable to ignore Thursday’s economic rebound and the recent strength in other energy commodities, climbed 14.5 cents during Friday’s regular session to close at $3.695, 2.6 cents higher than the previous week’s finish.

July 27, 2009

Market Points See Some Weakness Despite Eastern Chill

Continuing the recent run of erratic price swings from one day to the next, most cash points on Tuesday reversed course from Monday’s gains to record drops of up to 40 cents. Eastern and Gulf region points were down across the board while Midcontinent and western points were down with a few gains — mostly less than a dime — sprinkled in.

October 22, 2008

Energy Futures Fall on ‘Global Margin Call,’ Broker Says

All but eclipsed by yet another day of wild swings on Wall Street, energy futures still were able to make a splash on Friday as crude futures pushed below $80/bbl for the first time in exactly one year and natural gas futures continued to nip at their 13-month low. November crude ended up closing $8.89 lower at $77.70/bbl while November natural gas finished at $6.535, down 29 cents on the day and 82.3 cents lower than the previous week’s finish.

October 13, 2008

Ospraie Hedge Fund Closes After 38% Drop on Commodity Swings

Being on the wrong side of wide swings in energy futures appears to have caused the downfall of yet another hedge fund as Ospraie Management LLC reported last Tuesday that it will close its fund after its value fell 38.6% this year, according to a letter to investors. The collapse could have repercussions within the energy industry.

September 8, 2008

Ospraie Hedge Fund Closes After 38% Drop on Commodity Swings

Being on the wrong side of wide swings in energy futures appears to have caused the downfall of yet another hedge fund as Ospraie Management LLC reported Tuesday that it will close its fund after its value fell 38.6% this year, according to a letter to investors. The collapse could have repercussions within the energy industry.

September 4, 2008

Futures Close 33.9 Cents Lower as Storms Fail to Develop

Wrapping up a wild week of price swings, November natural gas futures on Friday pushed lower as the potential storm threats in the Gulf of Mexico and the Atlantic continued to show no interest in strengthening. The prompt month traded between $7.060 and $7.320 before closing out the week at $7.073, down 33.9 cents on the day but 20.3 cents higher than the previous Friday’s close.

October 8, 2007
‹ Previous 1 2 3 4