Climate Changed
Summer Heat Set to Bolster Biggest U.S. Gas Rally Since April
- ‘Two full months minimum of possible hot weather:’ analyst
- Gas futures poised for second straight week of gains
People enjoy the warm weather in New York City.
Photographer: Spencer Platt/Getty ImagesThis article is for subscribers only.
Summer is about to kick in, and that’s good news for U.S. natural gas bulls.
Gas futures jumped 4.2 percent Thursday, the steepest one-day gain in 10 weeks, after a government report showed stockpiles grew less than expected. Prices could extend gains given forecasts for unusually warm weather that’s set to sweep across most of the lower- 48 states in the next two weeks.