September Nymex natural gas (NGU26) on Wednesday closed up +0.072 (+2.60%).
Nat-gas prices rallied to a 1-month high on Wednesday and settled sharply higher. Forecasts for hot US weather that will boost nat-gas demand from electricity providers to power increased air-conditioning use pushed prices higher on Wednesday. The Commodity Weather Group said on Wednesday that forecasts shifted to hotter, with well-above-average temperatures expected across the eastern two-thirds of the US from August 31 through September 4.
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Nat-gas prices rallied to a 1-month high on Wednesday and settled sharply higher. Forecasts for hot US weather that will boost nat-gas demand from electricity providers to power increased air-conditioning use pushed prices higher on Wednesday. The Commodity Weather Group said on Wednesday that forecasts shifted to hotter, with well-above-average temperatures expected across the eastern two-thirds of the US from August 31 through September 4.
NuScale Power Short Seller Profits Send Stark Warning to Investors
Crude Oil Prices Sharply Lower as Middle East Hostilities Subside
Will this Watson Wednesday be Driven by Wheat or Whisky?
#prices #power #nymex
4 days ago
