Monday, September 11, 2006 1:18:51 PM
Elsewhere in energy trading, the October contract for natural-gas futures moved lower, trading at its lowest levels in more than two years on the heels of a three-session pullback last week.
October natural gas fell 13.5 cents to stand lately at $5.54 per million British thermal units following a decline to $5.44 -- the lowest intraday level the contract has seen since July 7, 2004.
"If supportive news in the form of a tropical storm threat or cold winter forecast doesn't emerge soon, prices will probably continue lower," said Michael Fitzpatrick, an analyst at Fimat USA
Any posts are just an opinion and should not be taken as investment advice. Always do your own DD
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