MTECHTIPS:-U.S. natural gas futures regain ground but stay near 4-month lows


MTECHTIPS:-U.S. natural gas futures regain ground but stay near 4-month lows

MTECHTIPS-U.S. natural gas futures recovered from a heavy fall in the prior session on Thursday, but stayed near the lowest level in around four months amid bearish weather forecasts that should limit demand for the fuel. U.S. natural gas for August delivery was at $2.883 per million British thermal units by 8:50 AM ET (1250 GMT), up 4.1 cents, or around 1.5%. It sank almost 4% on Wednesday to notch its fourth losing session in a row after sliding to the lowest level since March 7 at $2.832. Temperatures are likely to be mostly normal in the eastern third of the U.S. during the next two weeks, according to updated weather forecasting models, underlining concern over decreased summer demand in the weeks ahead. Prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on summer heating demand. Gas use typically hits a seasonal low with spring’s mild temperatures, before warmer weather increases demand for gas-fired electricity generation to power air conditioning. Nearly 50% of all U.S. households use gas for heating

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