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Market Watch: Nymex Climbs Amid Above-Normal Temperatures
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September gas futures climbed 3.4¢ Monday to $2.781 per million Btu.
“Above-normal temperatures lend modest support to today’s fundamental balances,” Gelber & Associates said, nothing there is “enough demand strength to support prices in the near term, but not yet enough tightening to overcome the production cushion or establish a more durable rally.”