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Rich Asplund

Nat-Gas Prices Rebound on Colder US Weather Forecasts

United States Commodity Weather Group Nymex Natural Gas BNEF EIA

May Nymex natural gas (NGK26) on Monday closed up +0.011 (+0.39%).

Nat-gas prices recovered from a 7.25-month nearest-futures low on Monday and settled higher. Short covering emerged in nat-gas futures on Monday amid forecasts of colder US temperatures, potentially boosting nat-gas heating demand. The Commodity Weather Group said Monday that below-average temperatures are expected across the Upper Midwest through April 10.

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