Natural gas futures (NATGAS) are gaining over 6% today, which can be linked to a wave of extreme heat across the United States, increasing the likelihood of very high cooling demand across the key for summer-demand US states.
According to NOAA data, a heatwave is expected on both U.S. coasts, with particularly intense high-temperature forecasts for Florida, Texas, and the western states. Cooler temperatures are expected only in a small region of the central states and Alaska, which does not in any way "offset" the broader heatwave from the market’s perspective.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Source: NOAA
NATGAS (H1 interval)
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
