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Rich Asplund

Forecasts for Colder US Temps Boost Nat-Gas Prices

United States Nymex The Commodity Weather Group BNEF Natural Gas

December Nymex natural gas (NGZ24) on Monday closed up by +0.118 (+4.43%)

Dec nat-gas prices Monday recovered from early losses and rallied sharply as short covering emerged on forecasts for colder US temperatures, which could boost heating demand for nat-gas. On Monday, the Commodity Weather Group said forecasts have shifted colder for parts of the West and central US from November 14-18.

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