With Hurricane Emily looking like less and less of a threat for long-term Gulf of Mexico shut-ins, August natural gas futures traded within a thin 12-cent range Tuesday before settling at $7.586, down 6.6 cents on the day. While logging its second consecutive down session, the prompt month was unable to get below $7.50, which is acting as a support level.
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Futures Stall Wednesday, Await Fresh Storage News
Taking more of a wait-and-see approach ahead of Thursday morning’s storage report, August natural gas futures traded within a slim 12.5-cent range on Wednesday before settling at $7.087, up a mere 1.4 cents on the day.
June 30, 2005
July Natural Gas Down Two Pennies as Crude Continues Climb
With all of the attention focused on crude futures on Monday as it made a run at $60/bbl, July natural gas traded within a range from $7.50 to $7.80 before settling at $7.67, down 2 cents on the day.
June 21, 2005
Futures Consolidate Following ‘Lack of Leadership’ in Either Direction
Taking somewhat of a break while still holding recent gains, July natural gas futures quietly traded within a slim 12-cent range Tuesday before settling at $7.127, up half of a penny from Monday’s close.
June 8, 2005
NatGas Futures Remain Weak Despite Petroleum’s Climb
Breaking away from crude for a second straight session, June natural gas futures Wednesday — one day ahead of expiration — traded within a slim 12-cent range before settling at $6.315, down 3.4 cents from Tuesday’s close. July natural gas settled at $6.372, down 1.4 cents.
May 26, 2005
Futures Weak as Temps, Storage Look Bearish
Giving back almost everything gained on Monday, June natural gas futures on Tuesday traded between $6.31 and $6.47 before settling 5.8 cents lower on the day at $6.349. The settle lower was significant in the fact that trading on Tuesday saw somewhat of a divergence between natural gas futures and petroleum futures.
May 25, 2005
Gas Futures Break Stride With Crude, Await Small Storage Injection
Breaking paths with the petroleum futures complex, June natural gas on Wednesday traded within a 15-cent range on the day before settling at $6.683, down 1.1 cents on the day.
May 12, 2005
XTO, ConocoPhillips Exchange Domestic Assets
XTO Energy Inc. said Thursday that it has traded producing properties, located primarily in Texas and New Mexico, with ConocoPhillips. Production volumes exchanged are estimated at 1,800 boe/d.
April 1, 2005
Court Fines Texas Firm, Employee $440,000 for Gas Futures Trading Losses
The U.S. District Court for the Southern District of Texas last week issued a permanent injunction against Texas resident Richard Hale and Texas-based Allegheny Gulf Investments Inc. that prohibits them from, among other things, controlling or directing any commodity futures or options trading accounts. The defendants also were ordered to pay a $440,000 fine for violations related to trading natural gas futures.
January 17, 2005
Court Fines Texas Firm, Employee $440,000 for Gas Futures Trading Losses
U.S. District Court for the Southern District of Texas has issued a permanent injunction against Texas resident Richard Hale and Texas-based Allegheny Gulf Investments Inc. that prohibits them from, among other things, controlling or directing any commodity futures or options trading accounts. The defendants also were ordered to pay a $440,000 fine for violations related to trading natural gas futures.
January 14, 2005
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