The NYMEX July natural gas futures contract rose 6.4 cents Wednesday to settle at $2.964/MMBtu on a warmer-than-average weather forecast. The front-month contract was trading Wednesday between $2.912/MMBtu and $2.969/MMBtu. “With this weather forecast, the market is going to go higher,” said John Woods, president of JJ Woods Associates. The National Weather Service forecast shows above-average temperatures for much of the country over the next six to 10 days. Hot weather is expected to continue through June, with higher-than-normal temperatures across most of the country, with only small portions of the Eastern Seaboard experiencing average temperatures. A slow storage build, coupled with high summer demand, is likely to provide continued support for prices. A survey of analysts conducted by S&P Global Platts Analytics forecast an injection of 85 Bcf for the week that ended June 15, down 11% from the 96-Bcf build the US Energy Information Administration estimated for […]