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Barchart
Rich Asplund

Nat-Gas Prices Soar on the Outlook for Hot US Temps

United States NatGasWeather Nymex Electricity BNEF Natural Gas

July Nymex natural gas (NGN24) on Tuesday closed up sharply by +0.223 (+7.67%).  

July nat-gas prices Tuesday rallied sharply to a 4-3/4 month nearest-futures high.  Nat-gas prices soared Tuesday on the outlook for hotter-than-normal US temperatures that will boost nat-gas demand from electricity providers for air-conditioning.  NatGasWeather said Tuesday that well above normal temperatures are expected to move into the lower 48 US states from June 18-25.  

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