US July Gas Futures Post Robust Rally With Building Summer Heat

摘要

The US July natural gas contract rally lost some steam Friday, hitting a high in the mid-$2.40s per million Btu before falling back into the upper $2.30s. But the contract still posted a 22.9c gain for the week and Friday's consolidation could be expected. "Rarely do prices just go up up up without some fundamental crises pushing the trade," an EcomEnergy analysis said.