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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (746)8/29/2001 5:31:51 PM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Natural gas drops to 28-month low
Crude, gasoline prices settle lower; oil shares mixed

marketwatch.com

By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 4:22 PM ET Aug. 29, 2001

NEW YORK (CBS.MW) -- September natural gas futures dropped to their lowest level in over two years Wednesday, the contract's expiration day, pressured by a fresh report of ample U.S. supplies.

September natural gas dropped to an intraday low at $2.25 on the New York Mercantile Exchange, its lowest level since at least early April 1999. It closed at $2.295 per million British thermal units, down 12 cents. October natural gas, which became to the lead-month contract at the day's close, fell by 5 cents to $2.393.