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Barchart
Rich Asplund

Nat-Gas Prices Recover as a Weak Dollar Sparks Short Covering

Nymex United States BNEF Natural Gas

November Nymex natural gas (NGX23) on Monday closed +0.027 (+0.93%).

Nat-gas prices on Monday recovered from a 2-1/2 week low and closed moderately higher.  A decline in the dollar to a 1-week low Monday sparked short covering in nat-gas futures.  Nat-gas prices Monday initially moved lower on the outlook for warmer weather in much of the eastern U.S. and cooler weather in the western U.S., cutting nat-gas demand for heating and air conditioning.  

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