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Barchart
Rich Asplund

Nat-Gas Prices Rebound as US Weather Forecasts Cool

United States BNEF EIA Natural Gas

November Nymex natural gas (NGX25) on Friday closed up by +0.070 (+2.38%).

Nov nat-gas prices on Friday recovered from a 3-week low and settled higher.  Short-covering emerged in nat-gas futures on Friday to push prices higher after US weather forecasts turned colder, potentially boosting heating demand for nat gas.  Forecaster Atmospheric G2 said on Friday that forecasts shifted cooler for the Northeast and West Coast for October 22-26, and shifted cooler for the West and Southeast for October 27-31.  

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