U.S. natural gas futures post moderate gains with summer weather providing support against an abundant supply situation. On the bullish side is the recent heat wave which will be accounted for in the next two storage reports, while the coming 15-day weather pattern "is rather hot overall," with with implied cooling demand above normal most days, NatGasWeather.com says in a note. Light wind energy generation expected in the next few days will also likely give gas a greater share of the fuel used for power generation, the forecaster adds. Nymex natural gas settles up 1.5% at $3.245/mmBtu. (anthony.harrup@wsj.com)
Dow Jones Newswires
U.S. Natural Gas Futures Rise on Summer Demand — Market Talk
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U.S. natural gas futures post moderate gains with summer weather providing support against an abundant supply situation. On the bullish side is the recent heat wave which will be accounted for in the next two storage reports, while the coming 15-day weather pattern "is rather hot overall," with wit…