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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Recover as US Weather Forecasts Cool

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.

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