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Rich Asplund

Nat-Gas Prices Surge on Forecasts for a Return of Scorching U.S. Temps

Maxar Technologies Nymex United States Electricity Natural Gas BNEF EIA

October Nymex natural gas (NGV23) on Wednesday closed +0.134 (+5.03%).

Nat-gas prices Wednesday rallied sharply on forecasts for excessive heat to return to the central and eastern U.S. by the end of the week, which will boost nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said well above-normal temperatures are seen in the central and eastern U.S. from Sep 4-13.

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