GAZB - Natural gas nears $3 level on record exports lower production

U.S. natural gas futures jumped 3% today to a nine-week high, boosted by record exports and declining production, despite expectations for lower heating demand over the next two weeks.On its second to last day as the front-month contract, Nymex May gas futures (NG1:COM) rose $0.083 to settle +3% at $2.873/MMBtu, the highest close since Feb. 23.ETFs: [[UNG]], [[UGAZF]], [[DGAZ]], [[BOIL]], [[FCG]], [[KOLD]], [[UNL]], [[GAZ]], [[GAZB]]Natural gas-focused stocks posted strong gains today: [[RRC]] +4.2%, [[SWN]] +4.9%, [[AR]] +4%, [[EQT]] +1.7%, [[COG]] +2.1%, [[NOG]] +4%, [[CNX]] +3.4%, [[CRK]] +1.5%.Traders say colder than usual April weather last week increased heating by so much that utilities may have taken the unusual step of pulling gas from storage.Data provider Refinitiv says gas production in the Lower 48 states has averaged 91.3B cf/day so far in April, down slightly from 91.5B cf/day in March.The amount of gas flowing to U.S. liquefied natural gas export plants has

For further details see:

Natural gas nears $3 level on record exports, lower production