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[QUOTE]Originally posted by Slippery Wing: [QB] Here's a good link to a CBSMW story on Nat. Gas and Oil. http://www.marketwatch.com/news/story.asp?column=Futures+Movers&siteid=mktw&dist= --From the above article----------------------- Progress improved Monday in the Gulf of Mexico at oil and gas production facilities in the wake of hurricanes Katrina and Rita. As of that day, 92.8% of daily oil production was offline, compared with 98% on Friday, and 75% of daily natural-gas production remained offline vs. 79% Friday, according to the U.S. Minerals Management Service. Despite the progress, traders still "look at natural gas as the only complex with truly bullish fundamental market conditions," said Agbeli Ameko, a managing partner at First Enercast Financial. "The lack of storage, downed production and the potential for a cold winter all stack up in the bullish column," he said -- not to mention that "base-level" winter demand will be enough to strain an already tight system. ----------------------------------------------- And don't forget, inventory reports are due out tomorrow! Look for a good swing, as they expect inventories to be down. -Slip [/QB][/QUOTE]
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