Tiptoed

August Expires Quietly, But Traders Still See Lower Prices

Despite revisiting sub-$9 prices for the third time over the last four sessions, expiring August natural gas futures tiptoed out the back door instead of making a grand exit on Tuesday as the contract quietly recorded a 5.4-cent gain to go off the board at $9.217. In contrast, September natural gas shaved 6.5 cents to finish the day at $9.130.

July 30, 2008