Volatility has dwindled in the gas futures market, and traders struggled to find direction Wednesday without much success. The April contract was weak in the morning, strong midday with a daily high of $5.45 just before noon and then weak again in the afternoon ending the day down 6.1 cents at $5.278.
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Price Rise Slows as Storm Influence Wanes
Nearly all prices continued to climb Tuesday but at a slowerpace than on the day before. Few points advanced more than a dime,San Juan Basin and the Southern California border were flat, andSumas prices into Northwest saw the rare decline of about a nickel.
Storage Lingers as Winter Wanes
As the winter that wasn’t winds down, gas in storage will haveto come out like a lion during March if capacity holders are tomeet cycling requirements. Even if temperatures remain warmer thannormal the market should expect six weeks of relatively strongwithdrawals because many storage capacity owners must bring levelsdown to about 25% full.
Oil Dominance Wanes; Clean Gas Takes the Lead
The energy industry has begun the “last days of the age of oil,”with a cast of cleaner fuels waiting to take center stage,according to ARCO CEO Mike R. Bowlin.
Oil Dominance Wanes as Clean Gas Takes the Lead
The energy industry has begun the “last days of the age of oil,”with a cast of cleaner fuels waiting to take center stage,according to ARCO CEO Mike R. Bowlin.