West Texas Intermediate crude oil was trading near the highest level for this year, and Brent crude reached the highest since December. There were several reasons for the rally, including the discussions between members of the Organization of Petroleum Exporting Countries and
Naturals gas was not left behind as it joined the rally. Fundamentally, there are not many reasons for the commodity to rally as forecasters promise a warm start of spring, limiting demand for heating fuel. Yet it did not prevent futures from rising as April natural gas added 4.02% to its value, trading at $1.73 per million British thermal units on NYMEX as of now.
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