On Nymex, April gasoline RBJ6, +0.18% fell by 1.2 cents, or 0.9%, to $1.299 a gallon, while April heating oil HOJ6, +0.46% tacked on 1.4 cents, or 1.2%, to $1.12 a gallon.That was more than the fall of between 37 billion and 41 billion cubic feet expected by analysts polled by Platts. But Beth Sewell, managing partner at Quantum Power & Gas Services, said “fundamentals continue to be bearish with a huge storage balance in tank and moderating temps following the winter that wasn’t.”
April natural gas NGJ16, -0.85% settled at $1.639 per million British thermal units, down 3.9 cents, or 2.3%, holding ground at a 17-year low.
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