• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 1 hour Shale Oil will it self destruct?
  • 5 hours NYT: Mass Immigration Roundups in U.S. to Start Sunday
  • 47 mins White House insider who predicted Iran False Flag, David Goldberg found dead in his New York apartment
  • 17 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 9 hours South Korea imports No Oil From Iran in June - First-Half Imports Fall 37%
  • 16 hours U.S.- Taiwan: China Says Will Freeze Out U.S. Companies That Sell Arms To Taiwan
  • 2 hours Germany exits coal: A model for Asia?
  • 1 hour Migration From Eastern Europe Raises German Population To Record High
  • 4 hours Starlink Internet Courtesy of Tesla
  • 2 days Rising air pollution and green house effect
  • 2 days Oil Price Could Fall To $30 If Global Deal Not Extended
  • 2 days Is This The End of BBQ?
  • 9 hours A Silence is heard
Forex Pros

Forex Pros

Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house…

More Info

Premium Content

Natural Gas Futures Rise on News of Expected Heat Wave

Natural gas futures rallied for a third day on Tuesday, hovering below a one-week high as weather forecasts showed that a heat wave was moving towards the U.S. East coast, boosting cooling demand expectations for the fuel.

On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.323 per million British thermal units during U.S. morning trade, climbing 0.75%. 

It earlier rose as much as 0.95% to trade at a daily high of USD4.331 per million British thermal units. Prices on Monday rose to a one-week high of USD4.334 per million British thermal units.

The U.S. National Weather Service said earlier that it expected warmer-than-normal temperatures across the U.S. Midwest and East coast from July 14 to July 17.

It added that excessive heat warnings and advisories were in effect from Texas eastward to the Mid-Atlantic states.

Meanwhile, weather service provider AccuWeather said that temperatures were expected to be above 100 degrees Fahrenheit (38 Celsius) across large parts of Missouri, Kansas, Oklahoma and Louisiana throughout the week.

On Monday, the Commodity Weather Group said that most parts of the U.S. Great Plains and Western Midwest states would see extreme heat conditions through July 18, before shifting eastward until it reaches most of the East Coast from July 21 to July 25. 

Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.

Later in the day, the U.S. Energy Information Administration was to release its Short-Term Energy Outlook, which will include forecasts for natural gas production and consumption.

Elsewhere, light sweet crude oil futures for delivery in August climbed 0.38% to trade at USD94.52 a barrel, while heating oil for August delivery fell 0.75% to trade at USD3.062 per gallon during U.S. morning trade.

By. ForexPros.com

Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar.




Download The Free Oilprice App Today

Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play