Gas Oscillates; Defies Seasoned Market Trends and Expectations

摘要

Last week's laundry list of unusual trading activity in October natural gas futures proved again that there's never a dull moment in the natural gas business. "In my 20 years of trading natural gas, this is the first time I've ever seen a major hurricane actually hit Gulf production, and prices fell off a cliff," a gas trader in Houston said. "But we still have some worries about what Hurricane Ike might do, and I don't know if prices will react the same way twice in a row."