Even with crude futures breaking back above $70/bbl on Tuesday, June natural gas futures managed to resist the temptation to follow. For the second consecutive session, prompt month natural gas traded within a slim range before setting its sights lower. After hobbling between $6.560 and $6.720, June natural gas closed at $6.581, down 11.5 cents on the day and 19.4 cents lower for the week to date.
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Articles from Temptation
As Expected, Futures Start the Week on Positive Note
Resisting the temptation to drop lower in concert with weaker cash prices, natural gas futures rebounded off early session lows Monday as traders bought contracts at levels that, in weeks to come, might prove to be bargains. The October contract finished at $3.399, up 13.4 cents for the session and within striking distance of last week’s $3.445 high. Meanwhile, Henry Hub cash prices for September dropped 14 cents to average $3.24 on the day.
September 10, 2002
Financial Experts Tell Congress to Fix the System
Mark-to-market accounting for long-term transactions presents company management “with a temptation to be overly aggressive that is too great for them to ignore,” a leading short seller, credited with spotting Enron’s problems early on, told a congressional committee last Wednesday.
February 11, 2002
Experts Tell Congress to Fix the System
Mark-to-market accounting for long-term transactions presents company management “with a temptation to be overly aggressive that is too great for them to ignore,” a leading short seller, credited with spotting Enron’s problems early on, told a congressional committee Wednesday.
February 8, 2002
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