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Page added on May 19, 2009

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Natural Gas: Not Many Reasons to Own It

Energy markets on both sides of the Atlantic finished last week on a sour note. Crude oil markets in London and New York finished lower for the first time in three Fridays. On Tuesday the bulls in New York tried to bluff the market higher with some early morning electronic bids above the $60 critical point of reference, but the bears saw right through their charade.

Then on Wednesday they had another shot at $60 after the DOE reported, what was, for all intents and purposes, a bullish weekly storage report, but they failed again.
SeekingAlpha



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