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Rich Asplund

Nat-Gas Prices Move Higher on Warm US Forecasts

United States Nymex BNEF EIA Natural Gas

September Nymex natural gas (NGU26) on Friday closed up +0.006 (+0.22%).

Nat-gas prices closed higher on Friday as forecasts indicated warm US weather in the final weeks of August, which would boost nat-gas demand from utilities to meet increased air-conditioning demand. Commodity Weather Group is forecasting above-normal temperatures across the South in particular through the end of August. Vaisala is forecasting above-normal temperatures for the West for Aug 22-26.

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