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Rich Asplund

Prospects of Above-Normal US Temps Boost Nat-Gas Prices

United States Atmospheric G2 Nymex Electricity BNEF Natural Gas

July Nymex natural gas (NGN25) on Tuesday closed up by +0.028 (+0.76%).

July nat-gas prices on Tuesday added to Monday's sharp rally and settled higher on the prospects of hotter US weather boosting nat-gas demand from electricity providers to power increased air-conditioning usage.  Forecaster Atmospheric G2 stated on Tuesday that temperatures are expected to be above normal across most of the central and eastern US for June 8-12.

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