Natural gas prices had a major uplift the first week of May as the storage injection level of 81 billion cubic feet (Bcf) was lower than anticipated, which implied that demand was up. Prices rose 9% at Conway and 6% at Mont Belvieu to their highest marks this season at $2.63 per million Btu (MMBtu) and $2.73/MMBtu, respectively. Prices averaged $2.50/MMBtu or less since the end of the winter heating demand season.
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