May NatGas Futures Gain Strength on Way to Wednesday's Settlement

摘要

A funny thing happened as the May natural gas contract moved toward its preordained collapse, it didn't. Instead, gas futures defied an overly short market and jumped 20(2 over the last three sessions on a demand-stoking combination of unusually hot weather in Texas and winter-like cold in the Upper Midwest. Both are key US gas markets, with Texas gas-fired power alone representing 20% of US capacity.