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US physical natural gas follows futures above $7/MMBtu as fuel switching proves elusive

US cash prices for next-day flows of natural gas climbed sharply higher on April 18, with many locations trading above $7/MMBtu for the first time since the February 2021 freeze, even as demand is set to weaken over the next week. The physical market’s buoyancy follows a dramatic recent rally in NYMEX Henry Hub futures, .

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