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Barchart
Barchart
Rich Asplund

Forecasts for Above-Average US Temps Boost Nat-Gas Prices

July Nymex natural gas (NGN26) on Friday closed up +0.005 (+0.15%).

Nat-gas prices climbed to a 2.5-month nearest-futures high on Friday and settled slightly higher on the outlook for above-normal US temperatures next month, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning usage. Forecaster Vaisala said Friday that above-average temperatures are expected to span across much of the northern two-thirds of the US for June 8-12.

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