Natural Gas Prices React to Weather and Demand Forecasts
TL;DR
Natural gas futures surged in early trading on Monday as weather models showed hotter temperatures in the southern US by mid-June, strengthening the cooling demand outlook for the second half of the month. Lackluster cooling demand to open the month has left the market impatient for the arrival of more robust heat over key regions. However, updated forecasts as of early Monday suggested more impressive summer heat was finally on its way.
- Natural Gas Futures Rally Early as Models Show Hotter Southern U.S. by Mid-June Natural Gas Intelligence
- Natural Gas Forecast: Rebound Driven by Revised Demand Forecasts, Record Exports to Mexico FX Empire
- Natural Gas Price Analysis: 50-SMA prods XNG/USD bulls around $2.35 FXStreet
- Natural Gas Futures Post Second Straight Gain as Production Eases, Cash Prices Strengthen Natural Gas Intelligence
- Natural Gas Takes a Weekly Drubbing on EIA Report, Weather Yahoo Finance
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