Natural gas futures are
slightly higher, getting support from rising crude oil prices and bargain
buying after reaching a fresh seven-year low.
"I think we're near the area
where the market is starting to stabilize a little bit," says Gene
McGillian, an analyst with Tradition Energy.
"If we see positive
follow-through in the oil complex or the equity market, that could start the
ball going back up the hill." Nymex September gas futures trade +7.1, or
2.53%, at $2.875/MMBtu.