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Why did Nat-Gas prices rise in June?

June Nymex natural gas (NGM24) on Monday closed up +0.129 (+5.73%). June nat-gas prices on Monday rallied to a new 3-1/2 month nearest-futures high and settled sharply higher. Prices rallied on the outlook for warm US temperatures that will boost nat-gas demand from electricity providers to power air-conditioning.

How did June crude oil & gas prices perform on Monday?

June WTI crude oil (CLM24 ) on Monday closed up +0.86 (+1.10%), and June RBOB gasoline (RBM24 ) closed up +1.08 (+0.43%). Crude oil and gasoline prices posted moderate gains on Monday. A weaker dollar... June Nymex natural gas (NGM24 ) on Monday closed up +0.129 (+5.73%).

Is natural gas a good set up for a short spread?

Natural Gas has bounced from the bottom of the channel all the way to the top of the channel and looks to be a good set up for a short spread. A global push toward sustainability and renewable energy has helped spur growth in futures markets for lithium, biofuels and the S&P 500 ESG index.

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