Unchanged

Most cash market points gained a few cents, lost a few cents or stood unchanged Wednesday, except for deliveries into the Northeast, where a handful of points posted double-digit gains due to cooler weather. Futures elected to go their own way and closed higher. At the closing bell April futures had risen 9.7 cents to $2.616 and May had improved 8.3 cents to $2.710. April crude oil rose 52 cents to $107.07/bbl.

Cash market quotes nationally were mostly unchanged, but prices declined sharply at New England points and made gains at Midwest locations. A smaller-than-expected inventory draw of 78 Bcf prompted initial futures declines, but traders reconsidered and prices staged a modest advance on the day. At the close March had risen 2.9 cents to $2.477 and April had improved 3.8 cents to $2.636. March crude oil rose $1.13 to $99.84/bbl.

Rosetta Resources Inc. will be dropping more than 90% of its $640 million 2012 capital budget in the Eagle Ford Shale of South Texas, the Houston-based company said Monday.

The current La Nina event — the cooling of Pacific Ocean surface temperatures off the coast of South America — remains unchanged and is expected to continue through the Northern Hemisphere’s winter season, influencing weather patterns across the United States for the next several months, according to the National Oceanic and Atmospheric Administration (NOAA).

The current La Nina event — the cooling of Pacific Ocean surface temperatures off the coast of South America — remains unchanged and is expected to continue through the Northern Hemisphere’s winter season, influencing weather patterns across the United States for the next several months, according to the National Oceanic and Atmospheric Administration (NOAA).

September natural gas futures were unchanged Friday as traders reported that both buyers and sellers were not motivated to take action at current price levels. September ended flat at $3.931 and October had risen 0.6 cent to $3.912. October crude oil gained 7 cents to $85.37/bbl.

September natural gas was unchanged Friday as the volatility following Thursday’s inventory report all but vanished, and managers see an oversold but non-threatening market. At the close September was flat at $3.941 and October had risen 0.7 cent to $3.962. September crude oil added 25 cents to $86.88/bbl.

August natural gas was unchanged Monday in trading largely described as technical with little impact from forecasts continuing to call for oppressive heat throughout major energy markets. At the close August had settled flat at $4.546 and September was up 0.4 cent to $4.524. August crude oil fell $1.31 to $95.93/bbl.

EOG Resources Inc.’s shift to an oil and natural gas liquids (NGL) producer is “essentially complete,” CEO Mark G. Papa told financial analysts Friday during a conference call in which he gushed about the company’s enviable perch in the oil-rich window of the Eagle Ford Shale in South Texas.