Natural Gas Edged Higher On Forecasts For Slightly More Hot Weather

Natural gas trading range for the day is 144.8-149.6.

Natural gas edged higher on forecasts for slightly more hot weather and higher demand over the next two weeks than previously expected.

U.S. spot natural gas prices this summer at the Henry Hub benchmark in Louisiana were on track to be the lowest since 1998 due to relatively mild weather

All bearish factors caused gas speculators to cut their net short positions on the NYMEX and Intercontinental Exchange to the lowest on record last week.

Gas production in the Lower 48 U.S. states rose to a three-week high of 90.4 bcfd on Sunday from a low of 88.9 bcfd last week.

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