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Rich Asplund

Nat-Gas Prices Push Higher on the Outlook for Hotter US Temps and Smaller Inventories

United States Maxar Technologies Nymex Electricity EIA BNEF Natural Gas

Sep Nymex natural gas (NGU24) on Wednesday closed up by +0.071 (+3.31%).

Sep nat-gas prices on Wednesday rallied to a 3-week high on forecasts for hotter US weather that would boost nat-gas demand from electricity providers to run air conditioning. Forecaster Maxar Technologies said Wednesday that forecasts have shifted hotter in the eastern and southwestern parts of the US for August 24-28.

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