January Nymex natural gas (NGF25) on Wednesday closed higher by +0.001 (+0.03%)
Jan nat-gas prices on Wednesday recovered from a 2-1/2 week low and settled slightly higher. Short covering emerged in nat-gas futures late in the session Wednesday after updated forecasts called for the western half of the US to turn colder after mid-month, which would boost heating demand for nat-gas. Nat-gas prices Wednesday initially extended this week's decline to a 2-1/2 week low after Maxar Technologies said widespread above-normal temperatures are seen across the Lower 48 states from December 14-18.
