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Rich Asplund

Nat-Gas Prices Climb as US Weather Forecasts Turn Hotter

United States Atmospheric G2 Electricity BNEF Natural Gas

July Nymex natural gas (NGN25) on Friday closed up by +0.107 (+2.91%).

July nat-gas prices on Friday rallied to a 1-week high and settled sharply higher as US weather forecasts turned hotter, potentially boosting nat-gas demand from electricity providers to run air-conditioning.   Forecaster Atmospheric G2 said Friday that forecasts shifted warmer for the South and Northwest, with early-summer warmth expected over the northern half of the country for June 11-15.

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