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Barchart
Rich Asplund

Hot US Temps and Below-Normal Storage Build Lifts Nat-Gas Prices

United States Nymex BNEF EIA Electricity Natural Gas

September Nymex natural gas (NGU26) on Thursday closed up +0.065 (+2.29%).

Nat-gas prices climbed to a 1-month high on Thursday and settled sharply higher on forecasts for hotter US weather, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning use. Record high temperatures are expected across the Southwest through this weekend, and the Commodity Weather Group said on Thursday that above-average temperatures are expected across nearly the entire US from September 1-10.

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