10 April 2007 21:42 [Source: ICIS news]
HOUSTON (ICIS news)--US natural gas futures jumped 32.3 cents (4.28%) on Tuesday to close at $7.869/m Btu as renewed buying interest triggered coverage of short positions.
Sources said cold temperatures in the ?xml:namespace>
As the market firmed, the upward movement initiated stop orders that intensified buying pressure.
The market opened above Monday’s settlement level and continued to rise through the morning, reaching the peak value of $7.938/m Btu, up 39.2 cents early in the morning.
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