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Rich Asplund

Forecasts for Cooler US Temps Boost Nat-Gas Prices

United States Nymex The Commodity Weather Group BNEF EIA Natural Gas

June Nymex natural gas (NGM25) on Tuesday closed up by +0.043 (+1.29%).

June nat-gas prices on Tuesday climbed to a 1-1/2 week high and settled moderately higher as forecasts for below-normal temperatures that will boost heating demand for nat-gas lifted prices. On Tuesday, the Commodity Weather Group said that forecasts shifted cooler for the eastern and southern US for May 9-12.

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