
May Nymex natural gas (NGK25) on Tuesday closed up by +0.004 (+0.12%).
May nat-gas prices on Tuesday recovered from a 2-1/4 month low and settled slightly higher. Short covering emerged in nat-gas futures Tuesday when forecaster Atmospheric G2 said that forecasts shifted cooler for the central and eastern US for April 20-24, which should boost heating demand for nat-gas. Nat-has prices Tuesday initially moved lower due to the outlook for above-normal US spring temperatures that will reduce heating demand and allow nat-gas inventories to rebuild.