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Rich Asplund

Nat-Gas Prices Climb on Cooler US Weather Forecasts

United States Nymex The Commodity Weather Group BNEF EIA Natural Gas

November Nymex natural gas (NGX26) on Monday closed up +0.031 (+1.02%).

Nat-gas prices settled higher on Monday as forecasts for cooler US weather later this month could boost heating demand for nat-gas. The Commodity Weather Group said Monday that forecasts shifted cooler across the northern and western US from October 12-15. However, prices fell from their best level after updated forecasts called for warmer weather across the Midwest, indicating less heating demand for nat-gas.

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