Natural gas futures advanced for a second straight day on Wednesday amid expectations for summer production to trail demand, potentially pressuring storage supplies. The June Nymex gas futures contract gained 25.5 cents day/day and settled at $7.640/MMBtu. July rose 26.0 cents to $7.727.

At A Glance:

NGI’s Spot Gas National Avg. climbed 79.5 cents to $7.305.

The prompt month’s advance Wednesday followed a 36-cent jump a day earlier, though futures fell far short of fully recouping the nearly $2.00, two-day slump that preceded the latest gains.

Bespoke Weather Services said forecasts for the next two weeks – and beyond – call...