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US Natural Gas Surges as Hotter Outlooks Trigger Short-Covering

Bloomberg Markets Monday 10 August 2026, 13:57 UTC By Julian Hast 1 min read
Key Points

US Natural Gas Surges as Hotter Outlooks Trigger Short-Covering US natural gas futures rose by the most in more than two months as an unusually large swing in weather forecasts triggered a wave of short-covering among money managers who were the most bearish on gas since 2020. Forecasts shifted to show much hotter weather in the coming weeks, particularly in the central and southern US, according to the private forecaster Commodity Weather Group. Hotter weather boosts demand for electricity...

US Natural Gas Surges as Hotter Outlooks Trigger Short-Covering US natural gas futures rose by the most in more than two months as an unusually large swing in weather forecasts triggered a wave of short-covering among money managers who were the most bearish on gas since 2020. Forecasts shifted to show much hotter weather in the coming weeks, particularly in the central and southern US, according to the private forecaster Commodity Weather Group. Hotter weather boosts demand for electricity as consumers crank up their air-conditioners, increasing the call on power plants that burn natural gas for fuel and raising prices.
US Natural Gas Surges as Hotter Outlooks (ORG) US (LOCATION) Commodity Weather Group (ORG)
Originally published by Bloomberg Markets Read original →

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