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Rich Asplund

Nat-Gas Prices Recover as US Weather Forecasts Turn Hotter

United States Vaisala Nymex BNEF EIA Natural Gas Midwest

July Nymex natural gas (NGN26) on Wednesday rose +0.045 (+1.43%).

Nat-gas prices recovered from a 1.5-week low on Wednesday and settled higher as short covering emerged following forecasts for hotter US weather later this month. Forecaster Vaisala on Wednesday said forecasts shifted warmer in the Midwest and above-normal for the eastern US for June 15-19, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning usage.

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