4, 2002; Natural Gas and Oil Pricing Holding
oil price advanced for the second week to $20.97 from $20.51, while six-year
natural gas declined to $3.11 from $3.20 after a two-week advance (see Chart).
Present Value of natural gas in three royalty trusts that we cover in
weekly detail declined by a median 4%, in line with six-year natural gas.
Considering the unusually warm weather last month east of the Rockies,
the commodities are holding up reasonably well.