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Barchart
Rich Asplund

Nat-Gas Prices Underpinned by Forecast for Cooler Temps

Commodity Weather Group Nymex United States BNEF Natural Gas

November Nymex natural gas (NGX23) on Tuesday closed +0.006 (+0.18%).

Nat-gas prices on Tuesday closed slightly higher but remained below Monday's 8-1/2 month nearest-futures high.  Nat gas has support on forecasts for colder U.S. temperatures that would boost heating demand for nat-gas.  The Commodity Weather Group said below-normal temperatures are seen in the Great Lakes, Mid-Atlantic, and Southeast from Oct 15-19, with another cold blast expected the following week.

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