U.S. natural gas futures held near a 12-week high on Thursday as bearish forecasts for less demand over the next two weeks than previously expected and an ongoing oversupply of gas in storage offset a bullish rise in liquefied natural gas exports and a continued reduction in output. Front-month gas futures for June delivery on the New York Mercantile Exchange remained unchanged at $2.032 per million British thermal units (mmBtu). On Thursday, the contract closed at its highest level since Feb. 5. For the week, the front-month was on track to gain about 27% after declining about 10% over the prior three weeks. That ... (full story)