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Rich Asplund

Forecasts for Hot US Temps Boost Nat-Gas Prices

United States Vaisala Baker Hughes BNEF Electricity Natural Gas

August Nymex natural gas (NGQ25) on Friday closed up +0.023 (+0.65%).

Aug nat-gas prices on Friday settled higher on forecasts for excessive heat next week in the US. Vaisala said forecasts remain above normal for the July 22-26 period across the US, with highs in the mid-90s expected in the middle of the country, which could boost nat-gas demand from electricity providers to meet increased air conditioning usage. Also, forecaster Atmospheric G2 said Friday that forecasts shifted hotter over the south-central and southwestern US for July 28-August 1.

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