OGJ Newsletter

01/05/2004
Market MovementMild forecasts end NYMEX gas rallyWeather and an abbreviated preholiday trading session led to thin trading volumes across the energy commodities complex in recent futures exchange activity. Unseasonably warm weather in the US Northeast pressured natural gas prices downward.Inventory reports showed a build in crude stocks for the week ended Dec. 19. But analysts said the market remained most concerned about inventory reports for the week ended Dec. 12, which showed an unexpectedly large drawdown of US crude. That reawakened concerns about possible shortages in the case of sustained cold weather or disruption of fuel supplies later this winter, analysts said.The New York Mer...
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