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Reuters reported that U.S. natural gas futures surged 4 percent.
Reuters reported that U.S. natural gas futures surged 4 percent.
As quoted in the market news:
The contract rose as high as $2.679 in electronic trade, the highest mark for a front month contract the 3-1/2-month high of $2.759 in mid-May. But that jump was said to remove gas from favor over coal for power generation.