After enjoying a one-day national rebound in natural gas cash averages on Thursday, values were tugged lower on Friday as traders were unable to ignore Thursday’s futures plunge.
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Softness Likely Following Mixed Price Moves
The cash market was approximately evenly mixed in up and down movement Wednesday as weather vagaries and the previous day’s screen downturn tugged at prices in varying ways. In general the West and Midcontinent were softer, while the Gulf Coast, Midwest and Northeast were mixed but leaning mostly to the upside.
November 29, 2007