U.S. Natural Gas Prices Rebound on Cold Snap but Stay Near 7-Month Low
U.S. natural gas futures rose to $2.84 per mmBtu Monday as a cold front increased heating demand in the East, ending a four-day slide. Storage climbed by 36 bcf to 1,865 bcf, 96 bcf above last year. LNG exports hit a record 11.7 million metric tons in March, but analysts say strong supply and mild weather keep prices under pressure.