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Rich Asplund

Forecasts for Sweltering US Heat Lift Nat-Gas Prices

United States Nymex Electricity BNEF EIA Natural Gas

July Nymex natural gas (NGN25) on Wednesday closed up by +0.138 (+3.58%).

July nat-gas prices on Wednesday extended this week's rally and climbed to a 2-1/2 month nearest-futures high. The outlook for sweltering US temperatures, which will boost nat-gas demand from electricity providers to run air conditioning, is supporting prices. Forecaster Atmospheric G2 said on Wednesday that the outlook remains for a major heatwave over the eastern half of the US during the first half of next week.

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