The U.S. benchmark natural gas price jumped more than 5% on Monday as power generators are expected to burn more gas to keep air conditioners going that are just now starting to come online in the lower half of the Eastern United States.
As of 3:34 p.m. ET on Monday, the price of natural gas at Henry Hub was up by 4.96 percent at $3.108/ MMBtu. At the start of trading, the price was at $2.961/ MMBtu.
The June Nymex contract was up $.154 from the prior settlement at $3.115/ MMBtu.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.