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Rich Asplund

Colder US Weather Forecasts Lift Nat-Gas Prices

United States Nymex The Commodity Weather Group EIA Natural Gas BNEF

May Nymex natural gas (NGK26) on Monday closed up +0.027 (+1.07%).

Nat-gas prices settled higher on Monday as short covering emerged amid colder US weather forecasts, potentially boosting nat-gas heating demand. The Commodity Weather Group on Monday said forecasts shifted colder, with below-average temperatures expected across the Northeastern US and Upper Midwest from May 2-11.

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