Could electronic algos be to blame for clsoing the New York Mercantile Exchange floor for more than five hours when late Wednesday, when Nymex July natural gas dropped 39 cents, or 8.1 per cent, to $4.510 per million British thermal units?? After a few seconds, it bounced back up but the damage was done - anomalous price move registered.
In the US natgas has risen 15 per cent in the past month, nearing a one-year high of $5 per mBtu, as people switch on their air-cons in the hot weather and power plant masters boost output accordingly.
In the US natgas has risen 15 per cent in the past month, nearing a one-year high of $5 per mBtu, as people switch on their air-cons in the hot weather and power plant masters boost output accordingly.
