Yawns

Sizeable Storage Withdrawal Draws Mostly Futures Market Yawns

Apparently unimpressed with the larger than expected storage withdrawal announced Thursday, the April natural gas futures contract dropped 9.3 cents on the day to close at $5.336. The consensus among market observers was that the 65 Bcf pull from storage surprised no one after the East experienced a widespread cold snap last week.

March 26, 2004