NGas Hits 3-Week High
Natural Gas futures reach three-week highs on expected heat demand
July Natural Gas futures extended their rally for a second straight session, reaching their highest levels since early June before settling slightly lower.
An EIA report showed a stronger-than-expected build of 76 billion cubic feet, though it matched the five-year average and left overall supplies below last year's pace.
While moderate national demand persists through the weekend, forecasts show two-thirds of the country shifting toward very hot temperatures early next week, driving expectations for increased cooling demand.