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Barchart
Rich Asplund

Nat-Gas Prices Recover Early Losses on the Outlook for Warmer US Temps

United States Nymex Electricity EIA BNEF Natural Gas

October Nymex natural gas (NGV24) on Thursday closed up by +0.064 (+2.80%).

Oct nat-gas prices Thursday recovered from a 1-week low and closed moderately higher on forecasts for warmer US temperatures that will boost nat-gas demand from electricity providers to run air conditioning.  Short-covering emerged Thursday in nat-gas futures after NatGasWeather said warmer-than-normal temperatures are expected across most of the US from September 26-October 3.

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