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Tesoro Corporation Message Board

  • bluecheese4u bluecheese4u Aug 30, 2007 2:04 PM Flag

    Natural Gas Weekly Update. Thursday August 30, 2007

    Natural Gas Weekly Update. Thursday August 30, 2007

    Overview: Thursday, August 30, 2007 (next release 2:00 p.m. on September 6, 2007)

    Since Wednesday, August 22, natural gas spot prices decreased at most markets in the Lower 48 States outside the Rocky Mountain region. Prices at the Henry Hub fell 20 cents per MMBtu, or 3 percent, since Wednesday, August 22, to $5.64 per MMBtu. At the NYMEX, the futures contract for September delivery at the Henry Hub expired yesterday (August 29) at $5.430 per MMBtu, falling 15 cents or 3 percent since last Wednesday, August 22. Natural gas in storage was 2,969 Bcf as of August 24, which is 12 percent above the 5-year average (2002-2006). The spot price for West Texas Intermediate (WTI) crude oil gained $4.22 per barrel on the week (Wednesday-Wednesday) to $73.52 per barrel or $12.68 per MMBtu.


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