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Rich Asplund

Nat-Gas Prices Little Changed as They Consolidate This Week's Rally

Nymex United States BNEF EIA Natural Gas

November Nymex natural gas (NGX23) on Wednesday closed -0.005 (-0.15%).

Nat-gas prices on Wednesday closed slightly lower as prices consolidated this week's sharp gains.  Nat gas has rallied sharply this week and posted an 8-1/2 month nearest-futures high Monday on forecasts for colder U.S. temperatures that would boost heating demand for nat-gas.  The Commodity Weather Group said below-normal temperatures are seen in the Great Lakes, Mid-Atlantic, and Southeast from Oct 16-20, with another cold blast expected the following week.

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