April natural gas futures continued to grind higher as traders continued to note an overall bullish mentality to petroleum markets and a general unwillingness to sell. The April contract rose 1.1 cents to $10.011, and May settled 1.4 cents higher at $10.078. April crude oil continued its march higher adding $1.17 to $109.92 after trading as high as $110.20.
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Kelliher Urges Long-Term LNG Contracts
In a steadily growing world natural gas market, U.S. buyers are losing out because of their unwillingness to sign long-term contracts for liquefied natural gas (LNG), while buyers in other importing nations are locking in capacity, FERC Chairman Joseph T. Kelliher said in opening the Commission’s “State of the Natural Gas Industry Conference” Tuesday.
November 7, 2007
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