1522 ET - U.S. natural gas futures settle higher, aided by short-covering as the Nymex June contract expires and summer approaches. Weather patterns are heating up around the country and the market is pricing accordingly, says long-time natural gas trader John Woods. "The price reflects the sentiment of the market and the logic of going into summer, increased consumption of natural gas in the next 30 days, and higher prices," he says. "We're going to be around $3.25 probably mid- to late June." The June contract goes off the board at $3.04/mmBtu, up 5% on the day. Natural gas for July delivery rises 2.8% to $3.095/mmBtu.(anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 27, 2026 15:22 ET (19:22 GMT)
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