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US spot natural gas prices rally on short covering  NEW YORK: US spot natural gas prices rose at nearly every point on Friday as some cold weather lingered and traders covered short positions following two straight days of declines.   Gas for delivery through Monday at the benchmark Henry Hub supply point in Louisiana rose by 1 cent to $3.20 per million British thermal units (mmBtu), after falling 11 cents on Thursday. Late trades on Friday were at a discount of 6 cents to futures, down from 3 cents on Wednesday.   Cash prices had fallen over the last two sessions as the prospect of milder weather next week was expected to temper heating demand across the eastern half of the nation.   "This is a little short-covering rally like the one we are seeing in futures today," said Dominick Chirichella, a senior partner at the Energy Management Institute in New York.   NYMEX natural gas futures posted their first gain in four sessions after government storage ...

US oil stocks drop at steepest rate in nearly 12 years: EIA NEW YORK: US crude oil stockpiles recorded the largest weekly drop since February 2001 last week, falling by 11.12 million barrels as oil companies depleted their inventories for year-end tax purposes, data from the US Energy Information Administration (EIA) showed on Friday.   Gulf Coast oil stocks fell by 10.3 million barrels, leading to the nationwide drop.   Net imports of crude oil into the United States fell to 7.05 million barrels per day (bpd) last week, the lowest ...
Oil prices slip in profit taking after cliff rally  NEW YORK: Global oil prices edged lower Thursday on profit taking a day after a powerful relief rally over the fiscal cliff deal in the United States, the world's biggest oil consumer.   New York's main contract, light sweet crude for delivery in February, dipped 20 cents from Wednesday to close at $92.92 a barrel.   Brent North Sea crude for February fell 33 cents to settle at $112.14 a barrel in London trade.   Equity and oil markets slipped back ...
US gas futures end down for third day on milder weather  NEW YORK: US natural gas futures slid about 1 percent on Thursday, extending losses for a third straight trading day due to moderating weather forecasts.   But prices remained above Wednesday's three-month spot chart low.   A huge 30-cent, or 9 percent, drop in prices on Wednesday was blamed on algorithmic, or computer-driven, trading.   Still, prices have continued to struggle this week amid the milder weather outlook, which should curb heating needs and lessen demand for gas.   "The weather continues to ...
US fines Transocean $1.4 bn over Gulf oil disaster  WASHINGTON: The United States hit drilling rig operator Transocean with $1.4 billion in criminal and civil fines Thursday for its role in the 2010 Deepwater Horizon disaster in the Gulf of Mexico.   Transocean agreed to plead guilty to violating the Clean Water Act in the disaster, in which a blowout on its drilling rig killed 11 and sent some 4.9 million barrels of oil into the Gulf, the Justice Department announced.   The blowout, one of the country's ...
Crude oil surges on US fiscal-cliff news  NEW YORK: Crude oil prices soared Wednesday on news the US Congress passed a fiscal package that prevents most of the automatic tax hikes expected to jolt the world's biggest oil consumer into recession.   New York's main contract, light sweet crude for delivery in February, jumped $1.30 from Monday to close at $93.12 a barrel, its highest close since September 18.   In London trading, Brent North Sea crude for February gained $1.36 at $112.47 a barrel.   After bitter ...
US spot natural gas prices down on milder weather  NEW YORK: US spot natural gas prices fell across the board on Wednesday as a front of milder weather in major consuming regions was expected to dampen heating demand in the coming days.   Prices moved higher earlier in the week, with some areas in the Northeast hitting two year highs due to the cold weather, before retreating on Wednesday after forecasts of above-normal temperatures in the 6- to 10-day time frame.   Gas for delivery on Thursday at ...


Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
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Arrow Nikkei 15,911.53 0.23
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WeeklySeptember 15, 2014
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