Natural gas futures on Monday advanced for a seventh consecutive session as robust domestic cooling demand and strong liquefied natural gas (LNG) export levels continued to drive up prices that are at their highest levels since 2018.

NGI Storage Snapshot

The August Nymex contract advanced 4.2 cents day/day and settled at $4.102/MMBtu. The prompt month gained nearly 11% last week. September rose 4.0 cents on Monday to $4.082.

At A Glance:

  • Futures forge ahead a seventh day
  • Summer demand surges this week
  • Spot prices post double-digit gain

NGI’s Spot Gas National Avg. gained 16.0 cents to $3.965 on Monday – after advancing four out of five sessions last week.

“With the hottest weather of the summer expected to extend nationwide” on Tuesday “and the potential for record electricity...