January Nymex natural gas (NGF24) on Wednesday closed up +0.024 (+1.04%).
Nat-gas prices Wednesday recovered from a 6-month low and moved higher as short-covering emerged after the dollar index fell to a 1-1/2 week low. Nat-gas prices have been under pressure over the past month as above-normal early winter U.S. temperatures have curbed heating demand for nat-gas and kept supplies elevated. Forecaster Maxar Technologies said updated weather forecasts have trended warmer and that above-normal temperatures are expected for most of the U.S. into the end of the year.
