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Barchart
Barchart
Rich Asplund

EXPLAINED: Below normal us temps boost nat gas demand and prices - The Real Truth

United States EIA Natural Gas BNEF

June Nymex natural gas (NGM26) on Friday closed up +0.013 (+0.47%).

Nat-gas prices on Friday climbed to a 3-week nearest-futures high and settled higher.  Nat-gas prices have support on the outlook for below-normal US temperatures in the near term, which could potentially boost nat-gas heating demand.  The Commodity Weather Group said Friday that below-average temperatures are expected across the eastern half of the US through May 10.

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