Natural Gas Futures Rally on Potential June Heat, Bullish EIA Storage Miss

Natural gas futures rallied sharply Thursday, spurred by a bullish miss from the Energy Information Administration’s (EIA) weekly storage report and weather guidance advertising hotter trends toward mid-June. In the spot market, double-digit increases across the West headlined a day of widespread gains, and the NGI National Spot Gas Average added 8 cents to $2.60/MMBtu.

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