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Rich Asplund

Nat-Gas Prices Climb on Foreasts for Below-Normal U.S. Temps

Nymex The Commodity Weather Group United States BNEF Natural Gas

November Nymex natural gas (NGX23) on Monday closed +0.038 (+1.14%).

Nat-gas prices on Monday extended last week's rally and posted an 8-1/2 month nearest-futures high. Forecasts for colder U.S. temperatures that would boost heating demand for nat-gas are underpinning prices. The Commodity Weather Group said below-normal temperatures are expected for the central and eastern U.S. from Oct 14-18.

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