Outlook for Warmer US Temps Boosts Nat-Gas Prices

The June Nymex natural gas (NGM25) saw a rise of +0.203 (+5.65%) in its closing on Friday. Prices for June natural gas surged to a four-week peak and ended significantly higher due to expectations of higher electricity demand for air conditioning driven by above-average temperatures in the United States. Xweather, a forecasting agency, stated on Friday that temperatures are expected to be higher than usual.