The NYMEX August natural gas prompt-month contract jumped 6.1 cents to settle at $2.924/MMBtu, its highest close since August 12, 2015, on bullish weather reports and a below-average injection reported by the US Energy Information Administration. The August contract traded in range of $2.851/MMBtu to $2.945/MMBtu. According to the EIA’s weekly gas storage report, a net injection of 37 Bcf was reported for the week ended June 24, including a non-flow-related adjustment that decreased working gas stocks by about 5 Bcf. This injection falls below the 46 Bcf expected by a consensus of analysts surveyed by S&P Global Platts and was below last year’s 73-Bcf injection and the five-year average of 78 Bcf, boosting prompt-month prices. Article Continues below… Contact Sales More Information Additional upward pressure on prices came from a projected tightening of the supply-demand balance. Platts unit Bentek Energy projected total US demand to reach 66.7 Bcf/d […]