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Rich Asplund

Nat-gas Prices Climb on Warmer US Temps and Hurricane Francine

United States Hurricane Hurricane Francine Maxar Technologies Nymex Electricity BNEF EIA Natural Gas

October Nymex natural gas (NGV24) on Wednesday closed up by +0.038 (+1.70%).

Oct nat-gas prices Wednesday rallied to a 2-1/2 week high and settled moderately higher.  Nat-gas prices rose on forecasts for warmer US temperatures that will boost nat-gas demand from electricity providers to run air conditioning.  Maxar Technologies said Wednesday that the 11-15 day forecast is trending warmer in the eastern third of the US.

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