The November gas contract closed a fraction of a penny above $3 per million Btu Friday, falling 1.6% after hitting the highest level since early January on Thursday in reaction to an unexpectedly meager storage build

摘要

The contract was up 1.1% for the week. 'The front’s increased activity over the past week or so seems to be a natural rise in volatility as winter approaches, which is likely to continue as the market waffles between lulls characterized by slipping prices, followed by waves of fear-induced buying,' Gelber & Associates analyst Daniel Myers said. 'With this in mind, an ebb lower seems to be on the horizon as the current impressive production levels will become evident when milder weather weakens demand over the next couple of weeks.'