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NYMEX Apr natural gas up 1.5 cents at $2.747/MMBtu on lingering cold

London (Platts)--12 Mar 2018 807 am EDT/1207 GMT


NYMEX April natural gas futures ticked higher in overnight US trading Monday on recent and expected late-season cold.

At 7:20 am EDT (1120 GMT) the contract was 1.5 cents higher at $2.747/MMBtu.

Colder weather bolstered heating demand to start March. The US Energy Information Administration's latest "Natural Gas Weekly Update" for the week ended March 7 reflects a 2% week-on-week rise in US gas consumption led by a 10% increase in residential/commercial demand attributed to a cool-down throughout much of the country.

The National Weather Service sees below-average temperatures holding over most of the Northeast, a small area of the Midwest and nearly the entire West in the six-to-10-day period, then expanding to encompass all of the Northeast, much of the Mid-Atlantic and most of the Midwest in the eight-to-14-day period.

--Staff, newsdesk@spglobal.com

--Edited by Jonathan Dart, jonathan.dart@spglobal.com




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