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NEW YORK: US natural gas futures climbed about 2 percent to a one-week high on Friday with flows to liquefied natural gas export plants back near record highs on the expected return to full service of Freeport LNG’s plant in Texas and on a planned jump in demand in two weeks with the coming of some colder-than-normal weather.
Front-month gas futures for December delivery on the New York Mercantile Exchange rose 10.6 cents, or 2.4 percent, to settle at USD4.580 per million British thermal units (mmBtu), their highest close since November 13.