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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Jump on Tighter Supplies and Rollover to November Contract

EIA Nymex United States BNEF Natural Gas

November Nymex natural gas (NGX24) on Friday closed up by +0.149 (+5.41%).

Nov nat-gas prices Friday surged to a 3-1/4 month high and settled sharply higher.  Nat-gas prices rose on carryover support from Thursday when weekly EIA nat-gas inventories rose less than expected.  Also, commodity fund buying supported nat-gas prices, with Friday being the first day that the November nat-gas contract became the front month, prompting traders and hedgers to roll their expired October nat-gas positions into the November contract.  

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