September Nymex natural gas (NGU26) on Tuesday closed up +0.086 (+3.20%).
Nat-gas prices settled sharply higher on Tuesday amid forecasts of above-average temperatures in the US South, boosting nat-gas demand from electricity providers to power increased air conditioning use. The Commodity Weather Group said on Tuesday that forecasts shifted to hotter, with above-average temperatures expected across the western and southern US through September 1.