Natural gas futures climbed even higher on Friday, extending to six days a furious demand-driven rally that sent the prompt month to a close above $4.00 for a second session. The August Nymex contract rose 5.7 cents day/day and settled at $4.060/MMBtu, its highest mark since 2018. September gained 6.0 cents to $4.042.

At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

NGI’s Spot Gas National Avg. picked up 2.0 cents to $3.805. A weather system delivered rain and comfortable highs of 70s and 80s to the Great Lakes region and parts of the East, National Weather Service data showed. But it remained hot with highs of mid-80s and 90s in the South and highs of 90s and 100s over swaths of the Midwest and West, generating solid cooling...