0948 ET - U.S. natural gas futures are higher as near-term forecasts are for hotter weather, favoring power-sector demand. "Most of the weather data for the 12-15 day forecast period favors hotter than normal temperatures gaining ground across much of the northern U.S. for stronger than normal demand," NatGasWeather.com says in a note. Recent and coming weather patterns suggest the next two EIA inventory reports will show near to slightly smaller than usual storage builds, the forecaster adds. Nymex natural gas is up 4.7% at $2.788/mmBtu.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.