Bespoke

Newly intensified coronavirus outbreaks threatened energy demand, but rising summer temperatures across much of the Lower 48 boosted cash prices for the June 22-26 period. NGI’s Weekly Spot Gas National Avg. for the June 22-26 period climbed 9.5 cents to $1.520. Stronger summer conditions took hold during the week – following a relatively mild stretch…

U.S. natural gas forward prices continued on the wild ride they’ve been on the last few weeks, posting steep losses — one week after putting up equally sharp gains — as weather models that had called for scorching temperatures throughout most of July had begun to cool.

February natural gas was set to open Monday about 3 cents higher at around $2.829, with the prompt-month finding support from colder changes to the medium-term weather outlook.

December natural gas was set to open about 5 cents lower Monday at around $3.16 after weekend shifts in the weather models pointed to warmer risks for later this month.