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Rich Asplund

HISTORICAL FACTS: Hot us weather forecasts push nat gas prices higher - Caught on Camera

United States Vaisala Baker Hughes BNEF Electricity Natural Gas

August Nymex natural gas (NGQ25) on Tuesday closed up +0.093 (+3.11%).

Aug nat-gas prices settled sharply higher Tuesday as forecasts for hotter US weather sparked short covering in nat-gas futures. Forecaster Vaisala on Tuesday said that above-normal temperatures are forecast for the West and the East for the August 8-12 period, which will boost nat-gas demand from electricity providers to power increased air-conditioning usage.

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