Hot Weather Forecast Prompts NYMEX to Close Up 17 Cents @ $3.75

We experienced a nice jolt in the NYMEX futures price for natural gas yesterday, rising 16.7 cents to close at $3.748/MMBtu. Those in the know say the main factors behind the price increase were (a) a hot weather forecast beginning next week for the eastern half of the country, and (b) lingering uncertainty over the Israel-Iran war and its potential impact on oil and LNG shipments in the Persian Gulf.

---

To view this content, log into your member account. (Not a member? Join Today!)