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Markets & Finance

Natural Gas Prices Fall Amid Profit-Taking


MARKETSCOPE : Natural gas prices plunged on Friday, as investors took profits following the market's recent rally.

January natural gas futures plunged 69 cents to $14.30, after having spurted to a near record $15.52 high at the outset.

January West Texas Intermediate crude oil fell $1.16 to $59.50, from its $61.50 high overnight.

January heating oil futures plunged 5.02 cents to 173.30 cents, even though the National Weather Service sees colder than normal temperatures Dec. 13 to 17 for much of the US east of the divide.

January gasoline futures fell 1.96 cents to 160.70.


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