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Barchart
Rich Asplund

Nat-Gas Prices Recover on Forecasts for Hot US Temps

United States NatGasWeather Nymex Electricity BNEF Natural Gas

July Nymex natural gas (NGN24) on Monday closed up by +0.106 (+3.92%).  

July nat-gas prices Monday recovered from a 2-1/2 week low and settled moderately higher on forecasts for above-normal temperatures throughout the US, which will boost nat-gas demand from electricity providers to power air-conditioning.  NatGasWeather said most of the US will see hotter-than-normal temperatures from June 28-July 5.

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