Bloomberg reports that natural gas futures advanced 2.9 cents on concern over possible tropical storm forecast.
As quoted in the market news:
Natural gas for September delivery rose 2.9 cents, or 1.1 percent, to $2.748 per million British thermal units on the New York Mercantile Exchange. The futures, down 8.1 percent this year, have rebounded 44 percent from a 10-year intraday low of $1.902 per million Btu on April 19.
Get Our Expert Guide to Oil Investing FREE!Download this FREE Special Report, Oil Investing: Oil Price Forecast and Oil Deposits Around the World