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Barchart
Rich Asplund

Nat-Gas Prices Continue Higher on Hot US Weather Forecasts

August Nymex natural gas (NGQ25) on Tuesday closed up +0.057 (+1.64%), adding to Monday's gain of +4.59%.

Aug nat-gas prices on Tuesday extended the 4-session rally and posted a new 1.5-week high.  The main bullish factor was warmer US weather forecasts, which would boost nat-gas demand from electricity providers to meet increased air conditioning usage.  Nat-gas prices were also supported on near-record LNG exports.

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