Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Nat-Gas Prices Surge as Storage Tightens and US Weather Turns Hotter

July Nymex natural gas (NGN26) on Thursday closed up +0.190 (+6.14%).

Nat-gas prices rallied to a 2.5-month nearest-futures high on Thursday and settled sharply higher on a smaller-than-expected weekly storage increase. EIA nat-gas inventories rose +92 bcf in the week ended May 22, below expectations of +96 bcf. Nat-gas prices added to their gains after updated weather forecasts turned hotter, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning usage. The Commodity Weather Group said Thursday that above-average temperatures are expected across the West and Midwest from June 2-11.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.