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Rich Asplund

Nat-Gas Prices Recover on Hotter US Weather Forecasts

United States Nymex Electricity BNEF Natural Gas

August Nymex natural gas (NGQ24) on Monday closed up by +0.047 (+2.03%).  

Aug nat-gas prices Monday recovered from an 8-week low and settled moderately higher.  Short-covering emerged Monday after forecasts called for warmer US temperatures in the middle of this month, which will boost nat-gas demand from electricity providers to run air-conditioning.   Forecaster Atmospheric G2 said Monday that forecasts have trended warmer over parts of the eastern US and the plains July 13-17.

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