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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (9123)	7/12/2004 3:52:26 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Natural gas leads decline in energy futures Monday, July 12, 2004 7:23:19 PM SAN FRANCISCO (AFX) -- August natural gas closed at $5.857 per million British thermal units, down 4.6 percent for the session to log a fourth-straight trading day of losses amid weak demand. The contract hasn't closed under $5 since April 30. Crude futures also closed lower, reversing from an earlier climb near a six-week high of $40.75 a barrel. August crude closed at $39.50, down 46 cents. Talk of more OPEC production next month, easing concerns over the impact of a refinery fire at Norway's Statoil, oil price gains in the last several days, as well as summer volatility contributed to the day's decline in oil, analysts said