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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rebound as US Weather Forecasts Warm

United States BNEF EIA Natural Gas

June Nymex natural gas (NGM26) on Wednesday closed up +0.146 (+5.04%).

Nat-gas prices recovered from a 1.5-week low on Wednesday and settled sharply higher after updated US weather forecasts turned warmer, which sparked short covering in nat-gas futures. The Commodity Weather Group said Wednesday that above-average temperatures are expected across the western half of the US from June 1-10, which should boost nat-gas demand from electricity providers to power air-conditioning.

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