OGJ Newsletter

01/12/2004
Market MovementEnergy prices rise in early 2004 tradingEnergy futures prices were up sharply during the first trading sessions of 2004, with the February contract for benchmark US light, sweet crudes jumping by $1.26 to $33.78/bbl on the New York Mercantile Exchange and West Texas Intermediate at Cushing, Okla., bounding by $1.28 to $33.78/bbl on the US spot market on Jan. 5.The February natural gas contract shot up by 63.8¢ to $6.83/Mcf on NYMEX during that exchange's first trading session of the new year, based on forecasts for weeks of cold weather in the Midwest and Northeast US. As of Jan. 7, February contracts for benchmark US crude and natural gas on NYMEX were at $33.62/b...
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