April natural gas prices established a lower low during the early morning hours and retested the February 2nd low of $2.50. There continue to be concerns in the market that over mild weather forecasts limiting heat-related demand for natural gas, as well as record high US storage levels. Current storage levels are running more than 40.0% above the 5-year average. Early expectations for this week's EIA storage report are for a draw in the range of 90 bcf, which compares to last year's decline of 85 bcf.
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