Hot US Weather Forecasts Boost Nat-Gas Prices

August Nymex natural gas (NGQ26 ) on Wednesday closed up +0.060 (+2.09%). Nat-gas prices settled sharply higher on Wednesday amid forecasts for hotter US weather, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning usage. The Commodity Weather Group on Wednesday said that weather forecasts shifted hotter, with...Natural gas burnoff refinery by Leonid Eremeychuk via iStock