By Duncan Sutherland – Exclusive to Gas Investing News Market news The radical realignment of oil and gas prices after Hurricane Gustav’s relatively tranquil passage through the Gulf of Mexico has been interesting to watch. NYMEX futures showed light crude taking a body blow, while natural gas seemed to largely shrug off the news. Part [...]
U.S. equity indices are higher in overnight trade. In the pre-opening trade S&P 500 futures are up 12points in response to less than feared damage from Hurricane Gustav. For more information, click here
Retail gas prices increased on Friday the first increase in 43 days, as analysts threatened that a direct hit on U.S. energy infrastructure by Hurricane Gustav could send pump prices hurtling toward $5 a gallon. Jeff Rubin, chief economist at investment bank CIBC World Markets, said that: Any replays of the 2005 storm season could [...]
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