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Rich Asplund

Nat-Gas Prices Surge as US Weather Forecasts Turn Hotter

United States Atmospheric G2 Nymex Electricity BNEF Natural Gas

July Nymex natural gas (NGN25) on Monday closed up sharply by +0.247 (+7.17%).

July nat-gas prices on Monday settled sharply higher as US weather forecasts shifted warmer for mid-June, which could boost nat-gas demand from electricity providers to power increased air-conditioning usage.  Forecaster Atmospheric G2 said Monday that temperatures shifted hotter across large portions of the central and eastern US for June 12-16.

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