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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Jump as US Weather Forecasts Turn Hotter

October Nymex natural gas (NGV26) on Tuesday closed up +0.129 (+4.55%).

Nat-gas prices recovered from a 1-week low on Tuesday and settled sharply higher on forecasts for hot US autumn weather, potentially boosting nat-gas demand from electricity providers to power increased air conditioning use. The Commodity Weather Group said Tuesday that forecasts shifted to hotter, with above-average temperatures expected in the South-Central US through October 6.

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