US Natural Gas Futures Rise Amid Summer Heatwave Expectations
Futures gained after two prior sessions of declines as forecasts predict the hottest weather of the summer this week.
Business & Markets • 3 months ago
U.S. natural gas futures saw an increase after experiencing losses in the preceding two trading sessions. This uptick in futures trading is attributed to the expectation of the hottest weather of the summer season occurring this week. The projected rise in temperatures typically correlates with increased demand for natural gas, primarily used for power generation to meet air conditioning needs.