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US natgas climbs as hot weather outlook boosts power demand prospects

From finance.yahoo.com

U.S. natural gas futures climbed more than 2% to a one-week high on Wednesday, as forecasts for warmer weather bolstered the demand outlook for the fuel to cool homes and businesses. Front-month gas futures for July delivery on the New York Mercantile Exchange traded 5.6 cents higher, or 2.5%, to $2.32 per million British thermal units at 09:43 a.m. EDT. Prices were rising "on a continued evolution of the weather outlooks for increasing gas demand from the power sector over the next three weeks," said Gary Cunningham, director of market research at Tradition Energy. Data provider Refinitiv forecast the number of ... (full story)

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