Just about a year ago, natural gas prices were peaking above $13.50 per 1,000 cubic feet in futures trading on the New York Mercantile Exchange. Today, gas fetches less than $4. For full story, click here
United States Natural Gas Fund, LP closed yesterday at $16.68. So far UNG has hit a 52-week low of $12.69 and 52-week high of $63.89. UNG has been showing support around 15.64 and resistance in the 17.40 range. Technical indicators are Bullish. For full story, click here
Canadian oil and natural gas exploration and production company Open Range Energy announced a net income of C$1.07 million for the fourth quarter ended December 31, 2008 when compared to a net loss of C$344,678 for the same period of 2007. For full story, click here
Sunday, July 19, 2009