US natural gas prices increase as July contracts end
U.S. natural gas futures prices rose as the July contract approached expiration, amid continued expectations of higher temperatures during the first week of next month. This has led to increased energy demand, especially with the growth in LNG exports to terminals in the Gulf of Mexico. The August contract saw a price increase, while the market awaits the release of U.S. inventory data to assess the adequacy of supplies to meet summer heatwaves, which boost cooling demand and strain energy networks.
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