U.S. Natural Gas Futures Gain Ground

Dow Jones
08/14

0948 ET - U.S. natural gas futures advance in early trading with recovering LNG demand and hot weather keeping some support under the market after yesterday's slightly bearish storage report. "To the extent the solar power boom was a key driver of early-to-mid summer power burn weakness, narrowing daylight hours may detract from non-thermal generation," Eli Rubin of EBW Analytics says in a note. "While the combination of these factors is not an outright bullish signal, it does suggest that the natural gas market may find more support in late August and early September." Nymex natural gas is up 1.3% at $2.762/mmBtu.

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