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Barchart
Rich Asplund

Nat-Gas Prices Climb as Warmer US Temps Boost Nat-Gas Demand Prospects

United States NatGasWeather Nymex Electricity BNEF EIA Freeport Natural Gas

June Nymex natural gas (NGM24) on Wednesday closed up +0.072 (+3.07%).

June nat-gas prices on Wednesday rallied to a 3-3/4 month nearest-futures high on expectations that warm US temperatures will boost nat-gas demand from electricity providers to power air-conditioning usage.  NatGasWeather said the northern two-thirds of the US will see above-normal temperatures, and the southern part of the country will see hot temperatures from May 22-29.  

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