November Nymex natural gas (NGX25) on Wednesday closed up +0.031 (+0.93%).
Nov nat-gas prices on Wednesday recovered from a 1-week low and settled higher. Short-covering emerged in nat-gas on Wednesday, pushing prices higher ahead of the expiration of the November nat-gas contract. Nat-gas prices initially moved lower on Wednesday on forecasts of warmer US temperatures, which will reduce nat-gas heating demand. Forecaster Atmospheric G2 said Wednesday that forecasts shifted to above-average in the West and Midcontinent for November 3-7, and turned warmer for most of the US for November 8-12.
