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Barchart
Barchart
Rich Asplund

Nat-Gas Rallies on the Outlook for Hot U.S. Temps to Lift Demand

September Nymex natural gas (NGU23) on Monday closed +0.039 (+1.54%).

Nat-gas prices Monday rallied to a 1-1/2 week high and closed moderately higher as forecasts for hot U.S. temperatures will boost nat-gas demand from electricity providers to power air conditioning.  Forecaster Maxar Technologies said above-average temperatures are expected in Texas and the central U.S. from September 3-7.

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