Natural gas futures finished the week on a strong note Friday astraders reacted to an unconfirmed (and later retracted) news reportthat the American Gas Association (AGA) had overestimated theamount of working gas in underground storage facilities. Aftergapping higher on the open, the December contract shuffled higherthroughout much of the session, closing 17.1 cents higher at$4.931.
Treat
Articles from Treat
Like November, December no Treat for Bulls
Despite a strong showing early in the trading session, naturalgas futures finished lower yesterday as traders grappled withcontinued low seasonal heating demand and an increasingly negativetechnical picture. At the closing bell, the newly crowned spotmonth December was 16.7 cents lower at $4.485, its lowest pricesince mid-August.
October 31, 2000
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