Nymex Front-Month Gas Closes Under $4 For First Time Since November of 2002

摘要

Why was Nov. 15, 2002, such a significant date to natural gas futures traders last week? It was the last time - before Friday - that a front month gas contract closed under $4/MMBtu. The key difference is the 2002 close marked the beginning of a long bull rally in gas and Friday's close could signal the end as gas prices are pressured by economic weakness and plunging equities.