U.S. Natural Gas Rises To Two-Week High On Strong Demand

Despite a larger-than-expected stock increase, U.S. natural gas prices rose on Thursday to a two-week high on expectations of strong demand in the coming days and lower production. As of 11:40 a.m. ET on Thursday, the front-month natural gas futures at the Henry Hub were trading up by 2.61% at $8.398 per million British thermal units (MMBtu). Working gas in storage was 2,501 Bcf as of August 5, a net increase of 44 Bcf from the previous week, the EIA estimated in its Weekly Natural Gas Storage Report on Thursday. The net increase last week exceeded…