
November Nymex natural gas (NGX25) on Thursday closed down by -0.064 (-1.92%).
Nov nat-gas prices tumbled to a 1-week low on Thursday and settled sharply lower after weekly EIA nat-gas stockpiles rose more than expected. The EIA reported that nat-gas inventories rose +80 bcf for the week ended October 3, above expectations of +77 bcf. Losses in nat-gas prices were limited due to forecasts for cooler US temperatures, which could boost heating demand for nat-gas. Forecaster Vaisala said Thursday that forecasts shifted cooler in the East for October 14-18 and shifted colder in the middle two-thirds of the US for October 19-23.