Nat-Gas Prices Rally on Warmer US Weather Forecasts

June Nymex natural gas (NGM26 ) on Monday closed up +0.153 (+5.55%). Nat-gas prices rallied sharply on Monday and posted a 6-week nearest-futures high. Hot US weather forecasts that could potentially spark nat-gas demand from electricity providers to power increased air-conditioning usage boosted nat-gas prices on Monday. The National Oceanic...Gas flame with blue reflection on dark backdrop by Bellanatella via iStock