Cash prices galloped 35-40 cents higher across the country on Tuesday in response to Monday’s wild 37-cent jump in June gas futures and the continued strength in the gas and oil futures markets on Tuesday.
Gallop
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After Trotting Higher Last Week, Bulls Gallop Past $6.00
After a quick check to the downside failed to attract much profit-taking, natural gas futures continued higher Tuesday amid waves of local short covering and speculative trader new long accumulation. With that the June contract rebounded easily back above the $6.00 level, advancing 32.5 cents to close at $6.308.
May 14, 2003
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