Dow Jones - Natural Gas Futures Rise On Weather Expectations

DJ Natural Gas Futures Rise on Weather Expectations

  By Nicole Friedman


  NEW YORK--Natural-gas prices gained Tuesday on expectations that hot weather would boost demand for gas-powered
electricity.

  Natural gas for August delivery rose 3.2 cents, or 1.1%, to settle at $2.821 a million British thermal units on the
New York Mercantile Exchange.

  Electricity use rises in the summer as more households and offices use air conditioning. Forecasts are calling for
above-average temperatures in the next six to 10 days in the Mid-Atlantic and Northeast regions, according to MDA
Weather Services.

  The weather outlook on Tuesday "promises somewhat stronger power-sector demand than a day ago," said Tim Evans,
energy futures specialist at Citigroup Inc., in a note.

  However, cooler weather is expected to arrive the second week of August, which analysts say could limit the price
rally.

FUTURES         SETTLEMENT   NET CHANGE
Nymex August    $2.821       +3.2c
Nymex September $2.816       +2.8c
Nymex October   $2.845       +2.9c

CASH HUB      RANGE            PREVIOUS SESSION
El Paso Perm  $2.7725-$2.815   $2.78-$2.82
El Paso SJ    $2.7875-$2.82    $2.7775-$2.82
Henry Hub     $2.84-$2.89      $2.80-$2.895
Katy          $2.82-$2.85      $2.78-$2.83
SoCal         $2.94-$3.02      $2.94-$3.01
Tex East M3   $1.56-$1.70      $1.50-$1.75
Transco 65    $2.85-$2.885     $2.82-$2.86
Transco Z6    $2.96-$3.01      $2.92-$2.99
Waha          $2.80-$2.81      $2.79-$2.82


  Write to Nicole Friedman at nicole.friedman@wsj.com


  (MORE TO FOLLOW) Dow Jones Newswires

  July 28, 2015 15:57 ET (19:57 GMT)

  Copyright (c) 2015 Dow Jones & Company, Inc.

072815 19:57 -- GMT
------