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Rich Asplund

Nat-Gas Prices Slightly Higher as Near-Term Weather Forecasts Turn Colder

United States Nymex BNEF EIA Natural Gas

December Nymex natural gas (NGZ25) on Tuesday closed up by +0.010 (+0.23%).

Dec nat-gas prices recovered from a 1.5-week low on Tuesday and settled slightly higher after updated weather forecasts turned colder for the central and eastern US toward the end of the November 23-27 period, which could boost heating demand for nat-gas.  Prices initially moved lower on Tuesday after forecaster Atmospheric G2 said that longer-term temperatures for most of the US shifted warmer for the November 28-December 2 period.

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