Wryly

Tumbling Oil Tugs Natural Gas Lower; November Off 15 Cents

November natural gas futures fell 15 cents Monday as traders wryly noted that the same strength in the petroleum markets that lifted natural gas 47.1 cents Oct. 15 was offset by weakness in the oil sector that worked to drag natural gas prices down a week later. In the short term, however, elevated petroleum prices are expected to limit the downside of natural gas futures. November natural gas fell 15 cents to settle at $6.891, and the December contract lost 19.9 cents to $7.529.

October 23, 2007