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Rich Asplund

Nat-Gas Prices Recover on Forecasts for Hotter US Weather

United States Atmospheric G2 Nymex Baker Hughes BNEF EIA Electricity Natural Gas

September Nymex natural gas (NGU25) on Thursday closed up +0.061 (+2.00%).

Sep nat-gas prices on Thursday recovered from a 3.25-month low and settled higher after forecasts for warmer US weather sparked short-covering in nat-gas futures.  Forecaster Atmospheric G2 said Thursday that forecasts shifted warmer for the western half of the US for August 5-9, with above-average temperatures seen expanding across the Southwest and Texas, which will boost nat-gas demand from electricity providers to power air-conditioning usage.  

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