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Barchart
Barchart
Rich Asplund

Forecasts for Hot US Temperatures Lift Nat-Gas Prices

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.

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