Selloff

Despite a late selloff in the nearby crude oil pit, natural gas futures held yesterday as traders continued to cover shorts amid modestly constructive technicals and bullish expectations ahead of today’s storage report. With that the March contract made it five in a row Tuesday, as it posted a 1.9-cent gain to close at $2.305. By contrast, March crude gave back half of Monday’s $1.15 advance to finish at $20.73 a barrel.