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Barchart
Rich Asplund

Nat-Gas Prices Rebound on the Outlook for Colder U.S. Temps

United States Nymex BNEF EIA Natural Gas

June Nymex natural gas (NGM23) on Thursday closed up +0.050 (+2.17%).

June nat-gas on Thursday recovered from a 1-1/2 week low and closed moderately higher.  Short-covering in nat-gas emerged after updated weather forecasts called for below-normal temperatures in the central and eastern U.S. next week, boosting heating demand for nat-gas.  Prices initially moved lower Thursday morning after weekly EIA nat-gas inventories rose +79 bcf, above expectations of +76 bcf.  

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