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Rich Asplund

Nat-Gas Prices Recover as Hotter Temps Forecast for the Central US

United States BNEF EIA Natural Gas

August Nymex natural gas (NGQ25) on Monday closed up by +0.003 (+0.09%).

Aug nat-gas prices on Monday recovered from a 6-week low and settled slightly higher as short covering emerged after updated weather forecasts called for above-normal temperatures in the central US, which will boost nat-gas demand from energy providers to power increased air-conditioning usage. Forecaster Vaidsala said temperatures shifted warmer for the middle of the country from July 17 to 21.

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