Symbiotic

Futures Retrace Following Thursday’s Rally

After rallying Thursday on the coattails of a strong crude futures push, August natural gas futures continued their symbiotic relationship with liquids on Friday, following crude lower on the day.

July 6, 2004

June Futures Set $6.40 High, Continue Symbiotic Crude Relationship

Rising and falling almost in unison with oil over the past few months, natural gas futures continued the trend Tuesday as the June contract notched a new high of $6.40, before settling at $6.386 up 20.2 cents on the day. The June oil futures contract reached a high of $40.15 on Tuesday, trading at a level that has not been seen since late 1990. The contract closed up $1.13 at $40.06 over supply fears.

May 12, 2004