U.S. Natural Gas Futures Rise on Demand Expectations
0922 ET – U.S. natural gas futures are on track for solid weekly gains with traders looking to summer heat and LNG to lift demand. This week's advance is 'despite mild weather, a bearish EIA report, extended LNG maintenance and higher production readings,' Eli Rubin of EBW Analytics notes. The long-term market narrative is bullish, although increasing near-term storage surpluses may dampen upside potential in the fall, he says. Nymex natural gas is up 0.8% at $3.707/mmBtu. (anthony.harrup@wsj.com)
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