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Tuesday, March 29, 2011

ENERGY REPORT: Crude Closes Up; Natural Gas Down

May natural gas, the new front month, extended its sell off to a second consecutive session after it closed lower by 3.6% to $4.27 per MMBtu. Forecasts for warmer weather, coupled with profit taking from its ~10% rally in the month of March, pressured prices. May crude oil ended higher by 0.8% to $104.79 per barrel.

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