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Barchart
Rich Asplund

Nat-Gas Prices Climb on Carryover Support from Strength in European Gas Prices

Gas Prices Europe Nymex United States BNEF Natural Gas

November Nymex natural gas (NGX24) on Friday closed up +0.038 (+1.51%).

Nov nat-gas prices posted moderate gains on Friday and remained below Thursday's 1-1/2 week high.  Nat-gas prices Friday garnered carryover support from a rally in European gas prices to a 10-3/4 month high.  Gains in nat-gas were limited on the outlook for warm US autumn temperatures, which will curb heating demand for nat-gas.  On Friday, NatGasWeather said that temperatures for the eastern two-thirds of the US will be above normal for November 1-7.  

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