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Crude Futures Climb in Wake of Ida’s Destruction; Production, Pipeline and Refining Uncertainty Persists
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After back-to-back gains fueled by bullish weather forecasts, natural gas futures extended the rally to three sessions on Tuesday. The July Nymex gas futures contract settled at $2.262/MMBtu, up 1.7 cents day/day. August rose 1.5 cents to $2.381. NGI’s Spot Gas National Avg. gained 4.0 cents to $1.940. National Weather Service (NWS) data on Tuesday…June 6, 2023