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Barchart
Barchart
Rich Asplund

Hot US Temps Lift Nat-Gas Prices

July Nymex natural gas (NGN25) on Monday closed up by +0.167 (+4.66%).

July nat-gas prices on Monday rallied sharply as forecasts called for hotter temperatures in the eastern US, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning usage.  Forecaster Atmospheric G2 on Monday said that near-record heat will encompass the eastern half of the US from June 21-25.

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