May gas futures jumped 9.8% Monday to close in the low $1.90s per million Btu, brining gain from the three-session rally to 32.6c, or 20.4%.

摘要

The surge in gas futures is being pegged to expectations that associated gas output -- a major portion of overall US gas supply -- will collapse as oil producers shut-in uneconomic wells. More immediately bullish, some lingering heating demand is now expected into next week in the eastern US.