FCG - Nat gas hits five-week high amid record LNG exports

U.S. natural gas futures wrapped up a 6% surge for the week, recovering from last week's nearly 4% drop, on near-record liquefied natural gas and pipeline exports and forecasts that power generators will burn more gas next week.May natural gas futures (NG1:COM) settled +0.8% to $2.68/MMBtu, the highest close for the front-month contract since March 10.ETFs: [[UNG]], [[UGAZF]], [[DGAZ]], [[BOIL]], [[FCG]], [[KOLD]], [[UNL]], [[GAZ]], [[GAZB]]Gas output in the Lower 48 U.S. states averaged 91.7B cf/day so far in April, up from 91.6B cf/day in March, according to data provider Refinitiv, which also forecasts average gas demand including exports will rise from 92.3B cf/day this week to 96B cf/day next week as the weather cools before declining to 89.3B cf/day in two weeks as the weather turns seasonally milder.The amount of gas flowing to U.S. LNG export plants has averaged 11.1B cf/day so far in April, which would top March's monthly

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Nat gas hits five-week high amid record LNG exports