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Barchart
Barchart
Rich Asplund

Forecasts for Hot US Temps Boost Nat-Gas Prices

August Nymex natural gas (NGQ26) on Wednesday closed up +0.020 (+0.69%).

Nat-gas prices settled higher on Wednesday as forecasts for above-average US temperatures are expected to boost nat-gas demand from electricity suppliers to power air-conditioning. The Commodity Weather Group on Wednesday said forecasts shifted hotter, with above-average temperatures expected across most of the Northern US through July 19.

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