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Barchart
Rich Asplund

Nat-Gas Prices Jump on Forecasts for Hot US Temps

United States NatGasWeather Nymex Electricity BNEF EIA Natural Gas

July Nymex natural gas (NGN24) on Wednesday closed up by +0.171 (+6.61%).  

July nat-gas prices Wednesday closed sharply higher as US weather forecasts turned warmer, which will boost nat-gas demand from electricity providers to power increased air-conditioning.  NatGasWeather said on Wednesday that temperatures are expected to remain above normal in the western US and soar to 100 degrees in the southern US from June 12-19.

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