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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rally on Forecasts for Hotter US Weather

July Nymex natural gas (NGN26) on Tuesday closed up +0.092 (+2.92%).

Nat-gas prices rallied to a 1-week high on Tuesday and settled sharply higher as US weather forecasts turned hotter, potentially boosting nat-gas demand from electricity providers to power air-conditioning. The Commodity Weather Group on Tuesday said forecasts shifted warmer, with above-average temperatures expected across the western US through June 30.

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