email:  
 
 
  
 

Wednesday, August 02, 2006

Markets To Watch Today

Unleaded Gasoline: With the formation of Tropical Storm Chris, prices rose for Unleaded Gasoline contracts yesterday. TS Chris is causing some concerns to refining facilities in the Carribean. The September Unleaded Gasoline contract closed up 6.44 cents, at $2.2762 a gallon.

Orange Juice: Orange Juice reached contract highs yesterday, as traders added a premium to FCOJ brought on by Tropical Storm Chris. The September Frozen Concentrated Orange Juice contact rose 6.25 cents, closing at $1.7550 a pound.

Natural Gas: Profit taking sparked a drop in Natural Gas prices yesterday, as traders took their profits and ran. Traders now are focused on Tropical Storm Chris and how this could threaten domestic gas-oil production. The September Natural Gas contract dropped 63.7 cents, closing at $7.574 MMBTu's.