1504 ET - U.S. natural gas futures settle higher as hot weather keeps up cooling demand and LNG feedgas flows continue recovering. Gains are likely due to the "impressively hot versus normal weather pattern the next 6-7 days," NatGasWeather.com says in a note. The tropical depression that has formed in the Gulf of Mexico and is expected to reach the coast between Texas and Louisiana Tuesday evening as a tropical storm will likely have little impact "including the loss of demand through showers and cooling," the forecaster says. "Very minor disruptions to LNG and U.S. production are also possible." Nymex natural gas settles up 1.6% at $2.935/mmBtu.
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