November Nymex natural gas (NGX25) on Wednesday closed up sharply by +0.173 (+5.24%).
Nov nat-gas prices extended this week's sharp rally on Wednesday and posted a 2.5-month nearest-futures high. Forecasts for below-normal US autumn temperatures, which could boost heating demand for nat-gas are pushing prices higher. Forecaster Vaisala stated that a cold front is expected to move from the Midwest to the East, with cooler temperatures anticipated during the period of October 6-10. Additionally, below-normal temperatures are forecasted in the West for October 11-15.
