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Rich Asplund

Nat-Gas Prices Rally as US Weather Forecasts Trend Hotter

United States Nymex Electricity BNEF EIA Natural Gas

July Nymex natural gas (NGN24) on Wednesday closed up by +0.064 (+2.32%).  

July nat-gas prices Thursday rose to a 1-1/2 week high and closed moderately higher.  Nat-gas prices Thursday found support on forecasts for hotter US temperatures that will boost nat-gas demand from electricity providers to power air-conditioning usage.   Forecaster Maxar Technologies said Thursday that forecasts shifted hotter in the northeastern part of the US from June 16-20.  

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