Mirroring the recent bullish summer run for Henry Hub futures, natural gas forwards rose from coast-to-coast during the June 17-23 trading period. Indications of a tight supply/demand balance, coupled with an overall bullish temperature outlook, saw natural gas prices maintain their upward momentum.

Spurred by a bullish surprise in the latest Energy Information Administration (EIA) storage report, July Nymex futures surged 8.5 cents higher to $3.418/MMBtu, advancing for a third straight session. The prompt-month found equally strong sentiment Friday, notching yet another day of gains when it finished at $3.496.

Accordingly, Henry Hub July fixed prices added 8.2 cents from June 17-23 to average $3.338 in NGI’s Forward Look dataset. That set the stage for another round of...