NYMEX April natural gas futures ticked higher in overnight US tradingMonday on recent and expected late-season cold.
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At 7:20 am EDT (1120 GMT) the contract was 1.5 cents higher at$2.747/MMBtu.
Colder weather bolstered heating demand to start March. The US EnergyInformation Administration's latest "Natural Gas Weekly Update" for the weekended March 7 reflects a 2% week-on-week rise in US gas consumption led by a10% increase in residential/commercial demand attributed to a cool-downthroughout much of the country.
The National Weather Service sees below-average temperatures holding overmost of the Northeast, a small area of the Midwest and nearly the entire Westin the six-to-10-day period, then expanding to encompass all of the Northeast,much of the Mid-Atlantic and most of the Midwest in the eight-to-14-dayperiod.
--Edited by Jonathan Dart, firstname.lastname@example.org