April natural gas prices traded fractionally higher during the early morning hours, as they tried to recover from yesterday's sell off. The market plunged toward contract lows in response to yesterday's EIA storage report that showed a smaller than expected decline of 82 bcf. Total storage stands at 2,513 bcf or 45.0% above the 5 year average. Over the last four weeks natural gas storage has declined 453 bcf. The ongoing build in supplies relative to the five-year average indicates more than enough supply available to meet demand.
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