Tired of watching natural gas futures spiral lower over the last couple of weeks without much respite, traders pushed the November contract higher Friday in what market watchers were calling a short-covering rally. After putting in a high of $5.735, the prompt month closed out the week at $5.620, up 22.8 cents on the day but 26.1 cents lower for the week.
Tired
Articles from Tired
Futures Finish Lower After Failing to Break Out Earlier in the Week
Tired of exploring the upper end of the range during the prior two sessions only to fail, natural gas futures traders opted to take the low road instead on Friday. Trading within a minimalist $6.02 to $6.115 range, March natural gas futures were actually able to break the two-day streak of settling relatively unchanged. The prompt month settled at $6.093, down 6.7 cents on the session and less than a cent lower than the previous week’s $6.096 close.
February 14, 2005
Wyoming Backs Pipeline Construction Up to $1 Billion
Tired of watching Wyoming natural gas underselling the overall market, the state has authorized up to $1 billion in borrowing authority to fund construction of natural gas pipelines to deliver Wyoming gas to market.
March 17, 2003
Wyoming Backs Pipeline Construction Up to $1 Billion
Tired of watching Wyoming natural gas underselling the overall market, the state has authorized up to $1 billion in borrowing authority to fund construction of natural gas pipelines to deliver Wyoming gas to market.
March 14, 2003
Williams-Transco Unveils Plan to Enter Florida
Tired of watching Florida Gas Transmission (FGT) have all thefun, Williams-Transco announced its plans to construct anunderwater pipeline and storm the rich Florida market from thecoast. Named the Buccaneer Pipeline (possibly after Tampa Bay’sfootball team), its first open season will be held shortly afterJan. 1, Williams said today.
December 1, 1998
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