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Barchart
Barchart
Rich Asplund

Outlook for Warmer US Temps Boosts Nat-Gas Prices

June Nymex natural gas (NGM25) on Friday closed up by +0.203 (+5.65%).

June nat-gas prices on Friday rallied to a 4-week high and settled sharply higher on the outlook for above-normal US temperatures to boost electricity demand for air conditioning.  On Friday, forecaster Xweather said temperatures will be above normal in the eastern half of the US through May 18, boosting nat-gas demand from electricity providers to power increased air-conditioning usage.  

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