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Natural gas futures surge after the latest inventory data shows U.S. supplies are less...

May 03, 2012 2:37 PM ETUNG, GAZ-OLD, UNL, NAGS, DCNGBy: Carl Surran, SA News Editor21 Comments
Natural gas futures surge after the latest inventory data shows U.S. supplies are less glut-stricken than expected. Yet despite recent gains, there’s doubt the price can keep rising: “This market will require an early start to a hot summer in order to push nearby values much above the $2.50 level,” trader Jim Ritterbusch says. ETFs: UNG +3.7% but GAZ -1.7%.

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