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Heat Sends Natural Gas Futures Above $3, Back Over Key Resistance - Natural Gas Intelligence

Natural Gas Intelligence · last updated

Heat Sends Natural Gas Futures Above $3, Back Over Key Resistance

Following a seesaw session to open the workweek, natural gas futures surged overnight Tuesday as the market returned focus to the extreme hot weather slated to spread across the country.

The July Nymex contract was up 12.3 cents to $3.029/MMBtu as of 8:55 a.m. ET. August was up 11.4 cents to $3.091.

“Weather forecast can’t get much hotter than what is advertised,” Wood Mackenzie analysts said.

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