Markets To Watch Today
Copper: News that workers at Chile's Escondida Copper Mine may possibly strike pushed Copper contracts higher yesterday. The September Copper contract rose 2.10 cents, closing at $3.57 per pound.
Crude Oil: With the continued conflict in the Middle East and the continued heat wave pushing Natural Gas prices upwards, Crude Oil rose 1.6% yesterday. The September Crude Oil contract closed up $1.16, at $74.40 a barrel.
Natural Gas: The persistent heat wave moving through most of the Midwest has continued to drive up the demand for gas-fired power as the heat moves east. Peak-load electricity demand uses gas-fired units. Demand is forecast to reach as high as 119,396 megawatts in the Midwest yesterday, above its previous record of 113,054 megawatts, which was set on July 17th of this year. 1 megawatt can power about 500 households. September Natural Gas contracts closed up $1.027 at $8.211 MMBTU's.
Crude Oil: With the continued conflict in the Middle East and the continued heat wave pushing Natural Gas prices upwards, Crude Oil rose 1.6% yesterday. The September Crude Oil contract closed up $1.16, at $74.40 a barrel.
Natural Gas: The persistent heat wave moving through most of the Midwest has continued to drive up the demand for gas-fired power as the heat moves east. Peak-load electricity demand uses gas-fired units. Demand is forecast to reach as high as 119,396 megawatts in the Midwest yesterday, above its previous record of 113,054 megawatts, which was set on July 17th of this year. 1 megawatt can power about 500 households. September Natural Gas contracts closed up $1.027 at $8.211 MMBTU's.
posted by XPRESSTRADE, LLC at 8/01/2006 06:11:00 AM
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