US Natgas Futures Up 2% Ahead of Storage Report As Output Declines

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - US natural gas futures rose about 2% to a two-week high on Thursday with daily output on track to decline for a third day in a row and forecasts for more demand over the next two weeks than previously expected.

That price increase also came ahead of a federal report expected to show utilities added less gas to storage than usual last week, because power generators continued to burn lots of the fuel to keep air conditioners humming during a heat wave that has lingered over much of the country this summer.