(Bloomberg) -- Natural gas in New York advanced as
traders made purchases to close out positions before the August
futures contract expires and the peak of the Atlantic hurricane
season arrives.
The August contract expiration on July 27 is providing price
support to natural gas today as traders begin rolling trades over
to September and seek to protect profits they've made
anticipating the market may fall, said Michael Rose, trading
director at Angus Jackson Inc. in Fort Lauderdale, Florida.
Read more at Bloomberg Energy News
traders made purchases to close out positions before the August
futures contract expires and the peak of the Atlantic hurricane
season arrives.
The August contract expiration on July 27 is providing price
support to natural gas today as traders begin rolling trades over
to September and seek to protect profits they've made
anticipating the market may fall, said Michael Rose, trading
director at Angus Jackson Inc. in Fort Lauderdale, Florida.
Read more at Bloomberg Energy News
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