U.S. Natural Gas Futures Extend Gains to Three Sessions
Dow Jones
1 hour ago
1519 ET - U.S. natural gas futures stretch gains to three sessions, supported by lower production, lingering cooling demand and LNG flows. Weather and LNG are the key demand factors, but "neither provides clear evidence of a new demand surge," Gelber & Associates says in a note. Colder conditions later in October could increase heating consumption, but if production recovers "November gas will have to rely more heavily on a sustained increase in demand to hold its advance above $3.10." Nymex gas for November delivery settles up 1.6% at $3.114/mmBtu.
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