Following a topsy-turvey week, natural gas futures decided to give it a rest on Friday by trading within a 23 cent range and closing at $7.176, down 6 cents on the day. While Friday ended quietly for the prompt month, the week was somewhat more volatile. The December contract finished the week down 77.8 cents, which coincidentally makes for the second week in a row that December has fallen by 77 cents (see Daily GPI, Nov. 8).
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In Search of Support, Futures Drop 77.8 Cents for the Week
Following a topsy-turvey week, natural gas futures decided to give it a rest on Friday by trading within a 23 cent range and closing at $7.176, down 6 cents on the day. While Friday ended quietly for the prompt month, the week was somewhat more volatile. The December contract finished the week down 77.8 cents, which coincidentally makes for the second week in a row that December has fallen by 77 cents (see Daily GPI, Nov. 8).
November 15, 2004
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