Wednesday, August 29, 2007

Natural Gas Prices Up

D Three Technology is happy to report that crude oil futures fell at the New York Mercantile Exchange on Tuesday, August 28, 2007 on concerns about new refinery outages in the United States; however natural gas prices were bid higher.

D Three Technology reports that crude oil futures for October 2007 West Texas intermediate crude lost 17 cents to $71.80 a barrel. Reformulated gasoline fell a bit with 2 cents lower to $2.02 a gallon, while heating oil was down 1 penny (U.S. dollars) to just under $2.00 per gallon.

D Three Technology is happy to report that the near-term natural gas contract gained 21 cents to $5.59 per million British thermal units.
There have been stock market investor concerns about short-term oil refining capacity which has weighed heavily on the crude oil mercantile market. Mercantile traders are still measuring the impact of a fire that occurred last week at Chevron's Pascagoula, Mississippi refinery. The refinery Chevron Pascagoula, Mississippi is capable of processing 330,000 barrels of crude oil a day

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