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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tommaso who wrote (14654)11/7/2002 2:19:16 PM
From: energyplay  Read Replies (1) of 206131
 
Yes. From Myra Saefong at CBS Market watch -

Natural gas rise

Natural gas futures prices climbed after the Energy Department reported a bigger-than-expected draw in last week's supplies.

The Energy Department said supplies fell 27 billion cubic feet to 3.145 trillion cubic feet during the week ended Nov. 1. Stocks are now 7 billion cubic feet less than last year at this time and 138 billion cubic feet above the 5-year average.

The market was looking for a fall of between 5 billion and 15 billion cubic feet, according to Fimat, which predicted a draw of 11 billion.

Following the news, December natural gas climbed by 3.6 cents to trade at $3.905 per million British thermal units. The contract rose to a high at $4 earlier in the session.
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