US Summer Cooling Demand Drives Natural Gas Spike

Henry Hub natural gas futures surged 4.31% overnight on above-normal summer cooling demand forecasts across the US South and revised LNG export terminal throughput estimates, with spillover impact on MCX NatGas (+3.80%).

Outcome: The natural gas spike faded without reaching the ₹314.5/mmBtu key level, leaving MCX NatGas at ₹304 as the cooling demand narrative lost traction after five days.