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.


At A Glance:

  • EIA reports 90 Bcf injection
  • Forecast mostly mild for October
  • East Coast cash tanks

NGI’s Spot Gas National Avg. gained 4.0 cents to $1.940.

National Weather Service (NWS) data on Tuesday showed pockets of heat in the South, West and central United States, but high temperatures from the 60s to 80s were expected to prevail over a majority of regions until the middle of June. From there, however, more widespread highs in the 80s and 90s were projected to arrive and carry through the end of the month and into July.