Cash natural gas prices vaulted 24 cents higher overall on Monday on supportive weather forecasts in several key market areas. Just as the market on Friday priced in the double-digit futures loss on Thursday, Monday’s trading was faced with the task of acknowledging the screen’s 12-cent jump Friday. The Mid-Atlantic region posted gains of close to 40 cents, but Southern California, Gulf, Midcontinent and Rockies points all enjoyed exuberant pricing. At the close of futures trading, June had risen 3.5 cents to $4.090, and July was up 3.8 cents to $4.141. June crude oil added 69 cents to $96.71/bbl.
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Articles from Vaulted
Northeast Power Generators Make Sense Of $9 Gas; Futures Falter
Natural gas cash points overall vaulted on average by more than a dime Wednesday as the high demand and thinly supplied Northeast registered gains approaching $1.00 or more. Points to the south of New England saw smaller gains, and the Midwest was mixed. At the close of trading December futures had eased 3.9 cents to $3.578 and January had given up 3.4 cents to $3.714. December crude oil plunged $4.27 to $84.44/bbl.
November 8, 2012
Shell Crowned Biggest Global Company
Royal Dutch Shell plc vaulted into the No. 1 spot for global companies in the world based on revenues, moving up from the No. 2 spot a year, according to Fortune magazine’s Global 500 list.
July 10, 2012
Double-Digit Cash Gains Widespread; Futures Traders Doubt Rally
Cash natural gas prices vaulted higher Thursday on average by 15 cents. Oppressive heat over much of the country was cited as driving prices higher, but on the West Coast traders attributed the higher quotes to a stronger screen. At the close of futures trading the August contract had gained 4.6 cents to $2.945 and September had posted an advance of 3.9 cents to $2.950. August crude oil slipped 44 cents to $87.22/bbl.
July 6, 2012
South Dakota No. 1 Spot for Gas, Oil Investment
South Dakota vaulted into the No. 1 spot in the world for natural gas and oil investment, according to an international survey of energy executives by the Fraser Institute.
June 28, 2010
South Dakota Called the No. 1 Spot for Gas, Oil Investment
South Dakota vaulted into the No. 1 spot in the world for natural gas and oil investment, according to an international survey of energy executives by the Fraser Institute.
June 25, 2010
Market Ignores ‘Amazing’ Cash-Futures Split; November Up 26.9 Cents
November natural gas futures vaulted higher Monday as traders observed a continuation of the short covering that sent futures bounding higher by 25.2 cents on Friday. The prompt-month contract rose 26.9 cents Monday to close at $4.987 and December advanced 20.1 cents to $5.723. November crude oil rose 46 cents to $70.41/bbl.
October 6, 2009
Bullish Storage Propels Futures to New 21-Month Highs
Natural gas futures vaulted to new 21-month highs Thursday morning on the news that 136 Bcf was pulled from storage facilities during the week ending Jan. 10. Buying was seen from all market segments and was intensified by the existence of buy-stops that were triggered on the way up. The February contract finished at $5.645, up 21.5 cents for the session and nearly 60 cents above its $5.06 low notched Tuesday. Volume in the gas pit was heavy as an estimated 124,108 contracts changed hands.
January 17, 2003
Futures Erupt Higher on Cool Weather Forecasts, Supply Concerns
Natural gas futures vaulted higher Friday in heavy activity as traders covered shorts ahead of the first blast of cold weather expected across most of the country this week. After easily piercing psychological resistance at $4.00, the November contract paused near the $4.10 mark as traders caught their breath. However, it turned out to be only a quick break and prices rallied into the closing bell. November finished at $4.146, up 31.8 cents for the session and within striking distance of the recent top at $4.25.
October 14, 2002
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