Market Watch

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Even as WTI oil gained $4.30 to $123.70/bbl, April gas futures fell 30.6¢ Tuesday to $4.527 per million Btu. The contract that briefly bobbed just over $5/MMBtu on Mar. 4 has since lost 48.9¢ over the last two sessions as traders grow more wary that a greater call on US oil production and stoutly higher prices will unleash a tsunami of associated gas. Seasonal support from winter demand is also waning, which could weaken a solid floor in the $4.40s/MMBtu in place since mid-February.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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