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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Settle Higher as European Gas Prices Jump

August Nymex natural gas (NGQ24) on Tuesday closed up by +0.030 (+1.39%).  

Aug nat-gas prices settled moderately higher on Tuesday.  Short covering emerged in nat-gas futures Tuesday on carryover support from a +4% rally in European nat-gas prices to a 1-week high.  Weather forecasts are mixed for nat-gas, as NatGasWeather said Tuesday that much of the US west, south, and east will see very warm temperatures from July 23-31, but the central states should see seasonal temperatures.  

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