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Barchart
Rich Asplund

Nat-Gas Prices See Support from Forecasts for Warmer US Weather

United States Nymex EIA Electricity BNEF Natural Gas

October Nymex natural gas (NGV25) on Thursday closed up +0.010 (+0.33%).

Oct nat-gas prices on Thursday extended the 1-week rally and nearly matched Wednesday's 4-week high on forecasts for warmer temperatures in the northern half of the US, which will boost nat-gas demand from electricity providers to run air conditioning.  On Thursday, forecaster Atmospheric G2 said forecasts shifted warmer for the middle of the country for September 9-13 and for the northern half of the country for Sep 14-18, although temperatures should moderate in the East and West for Sep 9-13.

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