09:26 AM EDT, 08/26/2025 (MT Newswires) -- Natural gas rose off its lowest in nearly 10 months early on Tuesday even as long-term forecasts see cool temperatures coming for most states, cutting into air-conditioning demand.
Gas for September delivery was last seen up US$0.01 to US$2.71 per million British thermal units, after falling to the lowest since Nov. 8 a day earlier.
The fuel is approaching the start of its shoulder season as hot summer temperatures wane, cutting into cooling demand. Long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to be cooler than seasonal over its six to 14 day outlook.
"Near term gas is looking to find some footing as (the September contract) ends its days on the trading board but there is little in the fundamentals to support a bull run of any significant measure. Weather over the next two weeks continues to look mild but there is some heat moving onto the western half of the continent in the 11-15 day period, we will see if that holds," Gary Cunningham, Director of Market Research at Tradition Energy, wrote.