OGJ Newsletter

Market MovementEnergy prices fluctuate with market reactionsEnergy futures prices fluctuated daily as markets reacted to changing supply indicators through the long US Independence Day holiday weekend.Crude futures prices rose July 5 in London with reports of more damage to Iraqi oil pipelines and the possible shutdown of some oil operations by giant Russian firm, OAO Yukos.The New York Mercantile Exchange was closed July 5 for the 3-day holiday weekend, but energy futures prices generally fell in profit-taking July 2. Only gasoline prices continued to climb. Trading was lower than normal during that shortened session. Those doing business generally locked in profits from price run-ups in...

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