Western Heat Boosts Natural Gas Futures Amid Soaring Production

Natural gas futures are attempting to build on recent gains as hot weather is forecasted for much of the western United States over the next two weeks, according to data from Entropic Analytics.

On Friday morning, prompt month natural gas futures were trading modestly higher after the market digested yesterday's bullish storage data. The data showed a 'near normal' build in inventories, which is expected but may limit upside potential due to soaring production levels.