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Natural Gas Futures Soar on ‘Decisively Hotter’ Weather Causing Demand Shift Up, Storage Builds Down

Natural Gas Intelligence · last updated

July natural gas futures rose on Monday, supported by the threat to global energy supplies as the Israeli-Iranian conflict continued and with domestic demand forecast to increase amid hot weather outlooks.

Graph and two charts showing Natural Gas Intelligence's (NGI) natural gas storage snapshot including market consensus estimates for inventory.

At A Glance:

  • Demand seen rising
  • Hot weather spreads
  • Storage builds to slow