Prompt-month natural gas futures edged higher at midday as weather models pointed to strong national cooling demand over the next two weeks. The August Nymex contract added 3.4 cents to $3.279/MMBtu, with bullish forecasts outweighing stout supply.
Weather did the heavy lifting for natural gas. Prompt-month futures posted modest gains through midday as models pointed to strong national cooling demand over the next two weeks, according to Natural Gas Intelligence.
The August New York Mercantile Exchange contract rose 3.4 cents to $3.279/MMBtu as of 12:03 p.m. ET, according to Natural Gas Intelligence. The publisher framed the move as bullish forecasts outweighing stout supply.
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Source: Natural Gas Intelligence (snippet-based)
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