Fears over world economic recovery sent crude oil future prices sharply lower on June 22. The price fell a whopping $2.52 to sink to $67.50. Natural gas prices continue to hoover around the $4 level. On June 23, Natural gas for July delivery gained 1.1 cent to $3.94 per 1,000 cubic feet in early morning trading.



In other energy news:

Chesapeake Energy Corp. has laid off 50 employees from its corporate office in Oklahoma City. In the U. S., Chesapeake has… Continue

The worst recession since 1931 continues this Spring-Summer 2009. Energy markets have recovered somewhat from crude oil prices falling into the upper 30 dollar range per barrel several months ago. On June 15, 2009, the energy markets showed the following:



Natural Gas : Natural gas for July delivery jumped 32.5 cents to settle at $4.182 per 1,000 cubic feet. For June 16, natural gas for July delivery fell 7 cents to settle at $4.312 per 1,000 cubic feet.



Crude… Continue