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Barchart
Barchart
Rich Asplund

Forecasts for Hot US Temps Boost Nat-Gas Prices

June Nymex natural gas (NGM26) on Thursday closed up +0.014 (+0.47%).

Nat-gas prices on Thursday settled higher, despite a bearish EIA inventory report, as forecasts for hot US weather are expected to boost nat-gas demand from electricity providers to power increased air conditioning use. The Commodity Weather Group said Thursday that above-average temperatures are expected across the West and Upper Midwest from May 31-June 4.

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