May Nymex natural gas (NGK23) on Monday closed up +0.161 (+7.62%).
May nat-gas Monday rallied sharply to a 3-week high as a shift in U.S. weather forecasts to winter-like temperatures will boost heating demand for nat-gas. Forecaster Atmospheric G2 said below-normal temperatures are seen boosting heating demand across the eastern two-thirds of the U.S. from April 22-26. Also, U.S. LNG exports Sunday climbed to a record 14.9 bcf, a sign of strong foreign demand for U.S. nat-gas supplies.
