Heat Seen Easing After This Week as Natural Gas Futures Called Near Even Early

Natural gas futures were virtually unchanged in early trading Tuesday as forecasters continued to expect intense heat in the current week to ease later this month. The September Nymex contract was up 0.4 cents to $4.064/MMBtu as of around 8:45 a.m. ET. 

With some days in the 15-day window shifting slightly hotter and others slightly cooler, projections from both the American and European weather models remained largely unchanged overall after their overnight runs, according to NatGasWeather.

“This keeps the front six days of the 15-day forecast solidly hot/bullish as highs of 90s to 100s rule most of the U.S., including 90s over the East Coast and 90s and 100s across the Northwest,” the firm said early Tuesday. “However, national demand is still expected to ease…to near or...