Utilities stocks climb as investors price in a possible Fed rate hike

U.S. natural gas futures settled up 2.8% at $3.233/mmBtu. A weekly EIA storage report came in at the low end of market expectations, with an injection well below the prior week’s 108 Bcf build. Analysts said hotter weather across major population centers lifted power demand and gas-fired generation, implying supply tightened by 5 Bcf per day week over week.