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Friday, September 15, 2006

Markets to Watch Today

Crude Oil: October Crude Oil fell again on Thursday, marking the seventh time in the past eight days the contract has settled lower. Early gains were erased after a major sell-off in Natural Gas futures brought Crude Oil prices down with it. October Crude Oil futures fell 75 cents, to close at $63.22 a barrel.

Natural Gas: Natural Gas futures fell 10% on Thursday, bringing the contract to its lowest level in two years. The sharp decline came after the U.S. government released data showing record supplies. This is the first time the front-month Natural Gas contract has settled below $5 since September, 2004. October Natural Gas Futures fell 55.7 cents, to settle at $4.892 per 1,000 cubic feet.

Gold: December Gold futures closed lower again on Thursday, marking the sixth time in the last seven days the contract has fallen. Gold continues to fall in conjunction with plummeting energy prices. December Gold futures fell $10.30, to settle at $586 a troy ounce.