Natural gas prices rebound from 10-year low - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -
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NEW YORK (AP) — Natural gas prices are rebounding from 10-year lows after the government said U.S. supplies didn't grow as expected last week.
The futures price added 1.2 cents to $1.996 per 1,000 cubic feet in New York on Thursday. It's a turnaround from Wednesday, when fears of surging supplies pushed natural gas futures to $1.9840, the lowest price since Jan. 28, 2002.
Prices climbed after the government reported that last week's growth in supplies was less than analysts expected. U.S. supplies are still about 59 percent higher than the five-year average, however.
Oil prices also rose with a rally on Wall Street. Benchmark crude gained $1.11 at $103.81 a barrel.
Retail gasoline prices continued to fall, losing nearly 3 cents in the past week, to a national average of $3.91 per gallon.
Texas A&M Forest Service is responding to a wildland fire in Ochiltree County.
Texas A&M Forest Service is responding to a wildland fire in Ochiltree County.
Moore and Carson Counties have been placed under an outdoor burn ban.
Moore and Carson Counties have been placed under an outdoor burn ban.
The fate of Amarillo's red light cameras will be decided soon, which could mean adding more, or getting rid of them altogether.
The fate of Amarillo's red light cameras will be decided soon, which could mean adding more, or getting rid of them altogether.
A Portales infant has died and a second child has been hospitalized after being left in a hot car this afternoon.
A Portales infant has died and a second child has been hospitalized after being left in a hot car this afternoon.
Sisemore Traveland here in Amarillo is about to come under new ownership.
Sisemore Traveland here in Amarillo is about to come under new ownership.
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