Natural Gas Futures Skyrocket on Hot Weather Forecasts
Natural gas futures have reached a two-week high as scorching weather models show no signs of cooling down, and LNG feedgas flows rebounded from the previous session's decline.
The September NYMEX futures price is currently at $2.802/MMBtu as of 11:53 a.m. ET, with prompt month futures experiencing double-digit week-to-date gains.