Nat-Gas Prices Surge as Storage Tightens and US Weather Turns Hotter

July Nymex natural gas (NGN26 ) on Thursday closed up +0.190 (+6.14%). Nat-gas prices rallied to a 2.5-month nearest-futures high on Thursday and settled sharply higher on a smaller-than-expected weekly storage increase. EIA nat-gas inventories rose +92 bcf in the week ended May 22, below expectations of +96 bcf. Nat-gas...Gas flame with blue reflection on dark backdrop by Bellanatella via iStock