1516 ET - U.S. natural gas futures rebound after five straight sessions of losses as the front month switches to August. The heat wave across the Northeast this week is expected to have slowed the pace of inventory builds as more gas is used to generate electricity for air conditioning. The EIA reported a 15% rise in power-sector gas consumption through Wednesday, citing data from S&P Global Commodity Insights. Wind and solar power generation were strong, although wind generation is seen lighter over the coming week "to aid natural gas share of the thermal stack," NatGasWeather.com says in a note. Nymex natural gas settles up 6% at $3.739/mmBtu, but down 5.3% on the week. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
June 27, 2025 15:16 ET (19:16 GMT)
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