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Barchart
Barchart
Rich Asplund

Scorching U.S. Temps Lift Nat-Gas Prices

Gas Prices United States Nymex Electricity BNEF Natural Gas

Aug Nymex natural gas (NGQ23) on Tuesday closed +0.045 (+1.68%).

Nat-gas prices on Tuesday settled moderately higher as near-record high temperatures this week in the central and southwestern U.S will boost nat-gas demand from electricity providers to increase air-conditioning usage.   Nat-gas prices Tuesday also had carryover support from a rally in European gas prices to a 2-week high.  Gains in nat-gas were contained after forecaster Atmospheric G2 said cooler temperatures are expected for the central and eastern U.S from July 30-Aug 3.

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