U.S. Natgas Jumps Nearly 6% to Five-Month Peak as Hot Weather Boosts Cooling Demand

U.S. natural gas futures jumped nearly 6% to a five-month high on Wednesday as sustained hotter-than-normal weather kept air conditioning demand high, especially in Texas. Front-month gas futures for September delivery on the New York Mercantile Exchange were up 16.1 cents, or 5.8%, to $2.94 per million British thermal units (mmBtu) at 09:44 a.m. EDT … Read more

Leave a Comment