Heading: US NATURAL GAS FUTURES HIT 7-WEEK HIGH AS EAST COAST HEAT LIFTS DEMAND - 2026-05-20
Published May 20, 2026 Updated about 6 hours ago By Reuters NEW YORK: US natural gas futures climbed about 2percent to a fresh seven-week high on Tuesday on a drop in output in recent weeks and expectations that a heat wave this week along the East Coast will boost power demand for gas to keep air conditioners humming. That price increase came despite forecasts for less gas demand over the next two weeks than previously expected due primarily to a drop in flows to liquefied natural gas (LNG) export plants to an expected 16-week low. Front-month gas futures for June delivery on the New York Mercantile Exchange rose 5.2 cents, or 1.7percent, to USD3.076 per million British thermal units (mmBtu), putting the contract on track for its highest close since March 27 for a third day in a row. That also put the…
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