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Barchart
Rich Asplund

Nat-Gas Prices Gain on Outlook for Record Heat in West

Nymex Electricity United States BNEF Natural Gas

Aug Nymex natural gas (NGQ23) on Tuesday closed +0.062 (+2.32%).

Nat-gas prices Tuesday moved higher for a second day on the outlook for excessive heat gripping the U.S. Southwest to expand, boosting nat-gas demand from electricity providers to power air conditioning.  The U.S. Weather Prediction Center said record-high temperatures are expected across California, Nevada, and Arizona this weekend, and towards the east, excessive heat will push into Texas and along the Gulf Coast.

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