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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Surge on the Outlook for Warm US Temps

United States Nymex Electricity BNEF Freeport Natural Gas

June Nymex natural gas (NGM24) on Monday closed up +0.129 (+5.73%).

June nat-gas prices on Monday rallied to a new 3-1/2 month nearest-futures high and settled sharply higher.  Prices rallied on the outlook for warm US temperatures that will boost nat-gas demand from electricity providers to power air-conditioning.  The Commodity Weather Group said Monday that the eastern two-thirds of the US shifted warmer for May 18-22, with most temperatures well above average.

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