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Barchart
Rich Asplund

Nat-Gas Prices Rebound on Pre-Weekend Short Covering

Gas Prices United States Nymex BNEF EIA Electricity Natural Gas

October Nymex natural gas (NGV26) on Friday closed up +0.011 (+0.38%).

Nat-gas prices recovered from a 1-week low on Friday and settled higher on some pre-weekend short covering. Nat-gas prices initially moved lower on Friday amid forecasts of cooler US weather, which could reduce nat-gas demand from electricity providers for air conditioning. The Commodity Weather Group said Friday that forecasts shifted cooler, with above-average temperatures now covering a smaller portion of the South and Southeast from September 23 to October 2.

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