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Barchart
Rich Asplund

Nat-Gas Prices Push Higher on the Outlook for Hot US Temps

United States Commodity Weather Group Nymex BNEF Electricity Natural Gas

July Nymex natural gas (NGN24) on Friday closed up by +0.097 (+3.44%).  

July nat-gas prices Friday climbed to a 2-week high and settled sharply higher.  Forecasts for hotter US temperatures pushed nat-gas prices higher Friday.  On Friday, the Commodity Weather Group said that forecasts shifted warmer for much of the central, southern, and western US from June 11-15, which will boost nat-gas demand from electricity providers to power air-conditioning usage.    

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