COM - Nat gas futures add to records on Northwest heatwave persists

Natural gas opens the new week with another rally, sparked by forecasts of unusually hot weather and expectations that soaring gas prices worldwide will lift exports to record levels.On their last day as the front-month contract, gas futures (NG1:COM) for July delivery closed +3.5% to $3.617/MMBtu, their highest settlement since December 2018.ETFs: [[UNG]], [[UGAZF]], [[DGAZ]], [[BOIL]], [[FCG]], [[KOLD]], [[UNL]], [[GAZ]], [[GAZB]]But gas-focused equities fell in a broad retreat among oil and gas names: [[EQT]] -3%, [[RRC]] -2.4%, [[AR]] -3.8%, [[SWN]] -4.4%, [[COG]] -3%.In the power market, the Pacific Northwest heatwave raised demand for air conditioning and prices at some hubs to their highest in years, with the Mid Columbia in Washington state up to $334/MWh for Monday, its highest since March 2019.The normal high temperature in Seattle at this time of year is 73 degrees Fahrenheit, but the high today topped 100 for the third day in a row, hitting

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Nat gas futures add to records on Northwest heatwave persists