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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rebound on European Gas Strength

Gas Prices Europe Nymex United States BNEF EIA Natural Gas

February Nymex natural gas (NGG25) on Wednesday closed up by +0.064 (+1.84%).

Feb nat-gas prices Wednesday rebounded from a 1-month low and settled moderately higher.  Short covering emerged in nat-gas futures Wednesday after European gas prices soared to a 15-month high.  Nat-gas prices Wednesday initially fell to a 1-month low on the outlook for spring-like temperatures across the southern S, which curbs heating demand for nat-gas.  NOAA said Wednesday that above-normal temperatures and early spring conditions are forecast for the southern half of the US from February 3-7.  

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