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Rich Asplund

Nat-Gas Prices Soar on a Cooler Late-Month US Weather Forecast

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

November Nymex natural gas (NGX25) on Monday closed up sharply by +0.389 (+12.93%).

Nov nat-gas surged on Monday to a 1.5-week high and settled sharply higher on forecasts for colder US temperatures, which will boost heating demand for nat-gas.   Forecaster Atmospheric G2 said Monday that forecasts shifted colder across the northeastern and central regions of the US for October 25-29 and shifted cooler over the eastern two-thirds of the country for October 30 to November 3.  

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