Business electricity prices remained relatively unchanged as we wrapped another week of sideways trading in natural gas market. The NG OCT10 contract settled up 11.5 cents to close at $3.883 per MMBTU.
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Another Head Fake From Natural Gas?
Yesterday we saw the first withdrawal from U.S. natural gas storage of the fall. Analysts expected a draw of 47 billion cubic feet, but the Energy Information Agency reported a much larger draw of 64 Bcf. This report reflects the impact of the first blast of wintry weather that swept through the week of December. Read the Rest…
