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Barchart
Barchart
Rich Asplund

Nat-gas Prices Little Changed as European Gas Prices Surge

Europe United States Nymex BNEF EIA Natural Gas

March Nymex natural gas (NGH25) on Friday closed down by -0.003 (-0.10%).

Mar nat-gas prices Friday dropped to an 8-week low but settled slightly lower.  Short covering emerged in nat-gas prices Friday after European nat-gas prices rallied to a 15-month high.   Since posting a 1-year nearest-futures high two weeks ago, nat-gas prices have been under pressure due to forecasts for warmer US weather, which curbs heating demand for nat-gas.  Forecaster Atmospheric G2 said Friday that well above normal temperatures are expected across the southern half of the US  for February 5-9.  

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