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Barchart
Rich Asplund

Nat-Gas Prices Surge on Forecasts for Hot US Weather

United States Nymex Electricity BNEF EIA Natural Gas

June Nymex natural gas (NGM25) on Tuesday closed up sharply by +0.314 (+10.09%).

June nat-gas prices surged on Tuesday and settled sharply higher.  Nat-gas prices rallied on forecasts for warm weather that would boost nat-gas demand from electricity providers to run air conditioning.  On Tuesday, Traditional Energy said hot temperatures are expected in the western US for late May into early June.  Gains in nat-gas accelerated Tuesday on positive carryover from a jump in European nat-gas prices to a 6-week high.

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