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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (11123)	6/25/2001 2:23:52 PM
From: $Mogul	Read Replies (1) of 19633

COMMODITY TALK: Crude oil prices are higher today as traders remain reluctant to threats of terrorism in the middle east that led the U.S. military to move to its highest level of alertness on Friday. The August crude oil contract is up 1.6% today following a 1% gain Friday. Meanwhile, gasoline futures have gained 1.2% after rising 0.5% on Friday. On the other hand, natural gas prices have plunged 7.1% as mild weather hurts gas-fired electric generation demand. The latest 6-10 day forecast shows temperatures will be normal to below normal for much of the country through July 4. Also, natural gas inventories are nearly 8% above year-ago levels. The front-month natgas contract fell to its lowest level in 11 months after breaking through support at $3.67/mmBtu.

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