After teeter-tottering above and below the $7 mark for the past two sessions, May natural gas futures on Friday once again broke beneath the psychological level to settle at $6.997, down 7.2 cents on the day and 24.5 cents lower for the week.
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Articles from Teeter
S&P Cuts El Paso Credit Ratings, Warns of Further Downgrades
El Paso Corp.’s credit ratings teeter on the edge of junk status after a downgrade by Standard & Poor’s Ratings Services on Tuesday. S&P said El Paso remains on CreditWatch with negative implications and could fall deep into junk levels if FERC sides with an administrative law judge in concluding that the company manipulated the California natural gas market.
November 13, 2002
Analyst: Fall Gas Prices Teeter on the Edge
If the projections of a leading industry analyst are correct, the robust prices of gas for fall delivery may be trading as much as 70 cents lower upon expiration, mainly because of the gas storage situation.
July 8, 2002
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