• Weather-driven demand potential increased
  • Demand for U.S. exports of LNG held strong
  • Cash prices advanced ahead of cool shots

Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months. 

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The June Nymex contract advanced 3.5 cents day/day and settled at $2.966/MMBtu. July rose 3.6 cents to $3.014.

Spot gas prices jumped higher, led by strong gains in the Northeast. NGI’s Spot Gas National Avg. climbed 14.5 cents to $2.750.

Bespoke Weather Services said weather-driven demand expectations trended modestly higher over the weekend, with a mix of heating-degree days (HDD) and...