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Rich Asplund

BIZARRE: Nat gas prices underpinned by forecasts for warm temps | Mind Blowing Facts

Gas Prices United States Nymex Electricity BNEF Freeport Natural Gas

May Nymex natural gas (NGK24) on Tuesday closed up by +0.021 (+1.17%).

May nat gas prices Tuesday moved moderately higher for a second session and posted a 1-1/2 week high. Nat-gas prices are underpinned by the outlook for warmer US temperatures that could boost nat-gas demand from electricity providers to power increased air-conditioning usage. Forecaster Atmospheric G2 said Tuesday that forecasts are shifting warmer for the central and eastern parts of the US from April 25-May 2.

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