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Rich Asplund

Nat-Gas Prices Soar as US Weather Forecasts Heat Up

United States Atmospheric G2 Electricity BNEF Natural Gas

August Nymex natural gas (NGQ25) on Monday closed up +0.152 (+4.59%).

Aug nat-gas prices on Monday rallied sharply and posted a 1-week high.  Hotter US weather forecasts that will boost nat-gas demand from electricity providers to power increased air-conditioning usage pushed prices sharply higher on Monday.  Forecaster Atmospheric G2 said Monday that forecasts shifted warmer across much of the southern and central US for July 19-23, and hotter for the eastern two-thirds of the country for July 24-28.

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