Energy didn’t have a good start to the new year, with both oil and natural gas falling Tuesday, erasing earlier gains.I did the strikethrough because it is apparent the writer was having two thoughts at the same time.
Crude for February delivery lost $1.39 per barrel, or 2.59%, to $52.33, its third session of losses. The decline came after futures hit an 18-month high in morning trading, as investors took the opportunity for profits.
Oil ended the year in the black for the first time in three years in 2016, rising 45%.
Elsewhere, natural gas sank to the
lowest level in nearly two yearson forecasts of a milder winter. Natural gas for February delivery lost 39.70 cents per million btu’s, or 10.66%, to $3.3270 per million btu’s. That’s it’s largest one-day dollar and percentage decline since February 24, 2014....MORE
I hope she would do the same for me.
Here's the last 14-day's action in natural gas, earlier today I was close to having Admiral David Beatty make an appearance*:
*Although I had posted the story a few times previously, the most memorable usage was on September 15, 2008:
Things that make you go "Hmmm" (AIG; LEH)
Watching Lehman crossing on the tape at two bits. The world's largest property casualty insurer in the $5's. Hmmm.2015's "Today in the Financial Crisis, Monday September 15, 2008: A Run on the Entire Financial System" has a pretty good overview of what was going on that day in 'aught-eight.
There's something wrong with our bloody ships today, Chatfield.*We had a couple posts where the Admiral made an appearance:
*Comment of Admiral Beatty after seeing 2200 of his sailors disintegrate. Idiot.
He was, of course, promoted, appointed First Sea Lord and granted an Earldom.
The Stock Market and the Battle of Jutland