MTECHTIPS;-U.S. natural gas futures creep up in choppy trade

MTECHTIPS;-U.S. natural gas futures creep up in choppy trade

MTECHTIPS-U.S. natural gas futures edged higher on Tuesday, but gains were limited as traders monitored shifting weather forecasts to assess the outlook for early-summer demand and supply levels U.S. natural gas for July delivery was at $3.030 per million British thermal units by 9:20 AM ET (1320 GMT), up 0.6 cents, or around 0.2%. Prices of the fuel fell for the first time in three sessions on Monday. Warm to hot conditions will dominate the eastern half of the country this week, as strong high pressure continues to spread. Over the West, an unseasonably cold weather systems continues to bring heavy showers, including high elevation snowfall. Late in the week, brief cooling will spill across the Northwest and Northeast, while the rest of the country remains very warm to hot. Looking further out, the east-central U.S., including the Northeast will be near to slightly cooler than normal from June 20-27, as weather systems track through. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand
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