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Barchart
Rich Asplund

Nat-Gas Prices Soar on Hot US Temps and Expectations of a Smaller Inventory Build

United States Nymex Texas BNEF EIA Electricity Freeport Midwest Natural Gas NorthEast

June Nymex natural gas (NGM24) on Wednesday closed up +0.171 (+6.40%).

June nat-gas prices Wednesday rallied to a new 4-month nearest-futures high and closed sharply higher.  Nat-gas prices surged Wednesday on forecasts for hot temperatures later this week in Texas, the US Midwest, and the Northeast, which will boost nat-gas demand from electricity providers to power increased air-conditioning usage.  

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