US natural gas prices rise to two-week high

U.S. natural gas prices rose by 1% to reach a two-week high, driven by increased flows to liquefied natural gas (LNG) export terminals and expectations of continued warm weather, with inventories remaining above the normal level by 5.8%. Futures contracts for July delivery traded at $3.264 per million British thermal units (MMBtu), as gas flows to export terminals increased to 17.2 billion cubic feet per day in June. Additionally, forecasts suggest that demand for gas will persist due to hot weather, with some liquefaction units resuming operations after previous outages.

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