Natural Gas is trading 3.06% up now at $2.96 after revised forecasts pointed to extended late-summer heat across major U.S. demand regions.
- Hotter weather is expected to increase air-conditioning demand and gas-fired power generation.
- Traders anticipate a smaller-than-normal weekly storage build.
- Recent data showed a below-average 16 Bcf injection, reinforcing expectations that summer demand is tightening the surplus.