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May gas futures climbed 9.1¢ Tuesday to $2.366 per million Btu as freezing temperatures returned to the Upper Midwest and central US. “The question remains as to whether or not a seasonal bottom typically witnessed at the end of winter has been reached while extended bouts of cold weather across the US are forecasted to assist in increasing demand for the final few weeks of April,” Gelber & Associates analysts said. “A much needed boost for natural gas market bulls has come in the form of lower temperatures and stronger heating demand, which could help slow storage injections in the coming weeks. Power demand for natural gas is unseasonably high for this time of year, supported by low gas prices and cooler temperatures.”

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