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Rich Asplund

Nat-Gas Prices Rebound as US Weather Forecasts Turn Hotter

United States Atmospheric G2 Nymex Electricity Baker Hughes BNEF Natural Gas

September Nymex natural gas (NGU25) on Tuesday closed up +0.078 (+2.66%).

Sep nat-gas prices on Tuesday settled sharply higher as short covering emerged after forecasts turned hotter for US weather that will boost nat-gas demand from electricity providers to power increased air-conditioning usage.  Forecaster Atmospheric G2 said Tuesday that forecasts shifted warmer for much of the US for August 10-14 and shifted warmer over the eastern two-thirds of the country for August 15-19.  

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