The May 2018 NYMEX natural gas futures contract opened at $2.679 and traded in small range between $2.667 and $2.707. The settled at $2.697, up 1.4 cents/dth. Market analysts are expecting a withdrawal from US natural gas storage inventory for the week ended 3/30/18. The draw is expected to be in line with the 5 year average of 28 Bcf for the same time period. The EIA will release the storage data on Thursday at 10:30 AM. The May crude oil contract gained 50 cents and ended the day at $63.51/barrel. Weather forecasters are expecting below normal temperatures for much of the eastern half of the country through the 10 day range.
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