May expires in the heart of its trading range

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Natural gas prices finished higher today after Monday’s huge intraday surge. The expiring May contract saw very light trading action, but peaked at $1.92 during the morning. Midday selling pressure as traders finalized positions brought the prompt month to near $1.80 by the afternoon settle. The much more heavily-traded June contract crossed the $2.00 level early on, then drifted lower though still finished ahead.

Penafian

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