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Rich Asplund

Nat-Gas Prices Recover on Forecasts for Below-Normal US Temps

United States Atmospheric G2 EIA Nymex BNEF Natural Gas

February Nymex natural gas (NGG26) on Thursday closed up by +0.008 (+0.26%),

Feb nat-gas prices recovered from a 3-month nearest-futures low on Thursday and settled slightly higher as forecasts for below-normal US weather that could potentially boost heating demand, sparked short covering in nat-gas futures. Forecaster Atmospheric G2 said Thursday that forecasts shifted colder over parts of the central and eastern US for January 20-24.

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