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Rich Asplund

Nat-Gas Prices Rebound as US Weather Forecasts Cool

United States Nymex BNEF EIA Natural Gas

November Nymex natural gas (NGX24) on Thursday closed up by +0.015 (+0.56%).

Nov nat-gas prices Thursday recovered from a 2-1/2 week low and settled moderately higher.  Short-covering emerged in nat-gas futures late Thursday morning on forecasts for colder US temperatures that will boost nat-gas demand for heating.  Forecaster Atmospheric G2 said Thursday that forecasts have shifted notably colder for the western half of the US for October 15-19.

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