# Update: U.S. natgas prices climbed about 3% to a 21-week high on lower output, higher demand | Gas Processing & LNG

> U.S. natural gas futures rose about 3% to a 21-week high on Friday, with the July contract settling at $2.918/MMBtu. Output slipped in June and power generators are expected to burn more gas during a forecast heat wave.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7805-update-u-s-natgas-prices-climbed-about-3-to-a-21-week-high-on-lower-output
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower output and expected higher power burn tighten the balance, supporting gas prices, though a storage surplus about 24% above normal limits the rally. Gas price strength tends to lift feed-cost-linked energy inputs and weighs on coal-to-gas switching economics.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- gasprocessingnews.com: https://gasprocessingnews.com/news/2024/06/update-us-natgas-prices-climbed-about-3-to-a-21-week-high-on-lower-output-higher-demand/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.