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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rebound as US Weather Forecasts Turn Hotter

October Nymex natural gas (NGV25) on Tuesday closed up +0.047 (+1.67%).

Oct nat-gas prices recovered from a 4-week low on Tuesday and moved higher after forecasts for hotter US temperatures sparked short covering in nat-gas futures.  Forecaster Atmospheric G2 said Tuesday that forecasts shifted warmer across the central and northern US for September 28-October 2, which could boost nat-gas demand from electricity providers to power increased air conditioning usage.    

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