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US Gas: Futures Fall 3.7% as Focus Returns to High Supplies
Oct. 18, 2011 03:55PM PST
Resource InvestingFox Business reported that natural-gas futures inched down as traders returned their focus to rising U.S. supplies.
Fox Business reported that natural-gas futures inched down as traders returned their focus to rising U.S. supplies.
As quoted in the market news:
After a strong rally last week that brought prices to nearly $3.80/MMBtu Friday, investors are again taking note of high storage injections over the past month and expectations for further builds.
“We’ve seen large injections and production remains firm, and that’s not good news” for those betting on higher gas prices, said Hamza Khan, an analyst at energy-research firm Schork Group.
Click here to read the full Fox Business report