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Barchart
Rich Asplund

Nat-Gas Prices Gain on Roll into October Contract

Commodity Weather Group Nymex United States BNEF EIA Electricity Natural Gas

October Nymex natural gas (NGV24) on Thursday closed up by +0.040 (+1.91%).

Oct nat-gas prices Thursday posted moderate gains as traders and commodity funds rolled positions into October nat-gas from the September contract that expired on Wednesday.   Gains were limited after the Commodity Weather Group said that forecasts shifted cooler for much of the eastern half of the US for September 3-7, which could reduce nat-gas demand from electricity providers to run air conditioning.  Thursday's weekly EIA inventory report was neutral after nat-gas supplies rose +35 bcf, right on expectations.  

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