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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Jump as US Weather Forecasts Trend Hotter

October Nymex natural gas (NGV25) on Monday closed up +0.102 (+3.47%).

Oct nat-gas prices rallied sharply on Monday as forecasts for hotter US weather should boost nat-gas demand from electricity providers to power increased air conditioning usage.  On Monday, forecaster Vaisala said forecasts shifted warmer in the West to the Midwest for September 20-24, with above-normal temperatures expected across most of the US for September 25-29.  

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