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Futures on natural gas fell in price during US session

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Natural gas futures quotes

Natural gas futures prices fell during Thursday’s U.S. session. On the New York Mercantile Exchange, natural gas futures with delivery in May are trading at $2.02 per million Btu, down 6.22% at the time of writing this commentary.

The low point of the session was at $/mmBtu. At the time of writing, natural gas had found support at $1,993 and resistance at $2,241.

The USD index futures, which shows the ratio of the U.S. dollar to a basket of six major currencies, rose 0.04% to trade at $101.59.

As for other commodities traded on the NYMEX, May WTI crude oil futures rose 0.11% to settle at $80.52 a barrel and May fuel oil futures were down 2.40% to settle at $2.67 a gallon.

Earlier we reported that the EU would extend a voluntary 15 percent cut in gas consumption for a year.

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