AGA reports gas supplies declined 158 bcf

The January natural gas contract settled at $7.537/Mcf, down 0.608 cents, on the New York Mercantile Exchange on reports of a warming trend predicted for the weekend. For the sixth time in as many weeks, the NYMEX raised the margins on its Henry Hub natural gas contract at the close of business Wednesday. Margins were raised to $14,000 from $12,000 for clearing members; to $ 15,400 from $13,200 for members; and to $18,900 from $16,200 for customers.

WASHINGTON, DC, Dec. 13, 2000–Natural gas spot prices, which have recently risen past $9/MMBtu on the New York Mercantile Exchange, are unlikely to fall significantly in the short term, according to natural gas industry representatives and a U.S. Department of Energy official speaking Tuesday at a U.S. Senate Energy Committee hearing.

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