September Nymex natural gas (NGU26) on Wednesday closed up +0.038 (+1.37%).
Nat-gas prices rallied to a 4-week high on Wednesday and settled higher. The shift in US weather forecasts to show intensely hot temperatures covering the US South and West through the end of this month propelled nat-gas prices higher on Wednesday. The Commodity Weather Group said on Wednesday that forecasts shifted to hotter, with above-average temperatures expected across the western and southern US through September 2, potentially boosting nat-gas demand from electricity providers to power increased air conditioning use.
Forecasts for Hot US Temperatures Lift Nat-Gas Prices
What Will Watson Do Wednesday?
Crude Prices Gain on Reduced Middle Eastern Oil Supplies
#wednesday #higher #south
Nat-gas prices rallied to a 4-week high on Wednesday and settled higher. The shift in US weather forecasts to show intensely hot temperatures covering the US South and West through the end of this month propelled nat-gas prices higher on Wednesday. The Commodity Weather Group said on Wednesday that forecasts shifted to hotter, with above-average temperatures expected across the western and southern US through September 2, potentially boosting nat-gas demand from electricity providers to power increased air conditioning use.
Forecasts for Hot US Temperatures Lift Nat-Gas Prices
What Will Watson Do Wednesday?
Crude Prices Gain on Reduced Middle Eastern Oil Supplies
#wednesday #higher #south
3 months ago
