Record Heat Boosts Natural Gas Prices Ahead of Weekend
Natural gas futures appear headed for their first weekly gain since June 18 as record heat builds in the forecast.
Prompt month natural gas futures are trading at $2.763/MMBtu, up 3.6 cents day/day and 10.1 cents week/week as of 11:42 a.m. ET.
The increase comes amid forecasts of severe heat, which is expected to boost demand for the commodity.