July Nymex natural gas (NGN23) on Monday closed up +0.073 (+3.36%).
July nat-gas prices Monday rallied moderately on a warmer U.S. weather forecast, which will boost nat-gas demand from electricity providers to power increased air conditioning usage. Forecaster Atmospheric G2 said above-normal temperatures are seen across the U.S. southern states, including Texas, from June 15-19. Also, Monday's rally in European nat-gas prices to a 1-1/2 week high sparked short covering in U.S. nat-gas futures.
