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Rich Asplund

Forecasts for Warm US Temps Boost Nat-Gas Prices

United States Electricity BNEF EIA Natural Gas

June Nymex natural gas (NGM25) on Tuesday closed up by +0.064 (+1.92%).

June nat-gas prices on Tuesday recovered from early losses and settled higher. Short-covering emerged in nat-gas futures Tuesday due to forecasts for warmer US temperatures, which could boost nat-gas demand from electricity providers to run air conditioning. NatGasWeather said Tuesday that most of the lower 48 US states will see above-normal temperatures from June 4-9.

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