Market Watch

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Bulls wrested control of the US natural gas market Friday, sending the August futures contract 41.6¢ higher on Friday to $7.016 per million Btu. The move comes as summer cooling demand is reaching a peak, leading one source to call Friday’s rally the last chance bulls have to get traction from summer heat. The 12-month strip rose 29.5¢ to $6.171; the 2023 calendar strip was up 17.5¢ to $5.318 (Futures contracts).

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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