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Barchart
Rich Asplund

Outlook for Hot US Temps Boosts Nat-Gas Prices

United States Nymex Electricity Baker Hughes BNEF Natural Gas

September Nymex natural gas (NGU25) on Wednesday closed up +0.067 (+2.23%).

Sep nat-gas prices on Wednesday settled sharply higher for a second day on forecasts for hot temperatures over the next week and into mid-August that would boost nat-gas demand from electricity providers to meet demand for increased air-conditioning.  Forecaster Atmospheric G2 said Wednesday that forecasts shifted warmer for much of the US for August 11-15 and shifted warmer over the eastern two-thirds of the country for August 16-20.  

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