January Nymex natural gas (NGF24) on Friday closed up +0.012 (+0.43%).
Nat-gas prices Friday shook off early losses and moved higher, as a weaker dollar sparked short covering in nat-gas futures. Nat-gas prices this week have been under pressure from the outlook for above-average U.S. temperatures, which will reduce heating demand for nat-gas. Forecaster Maxar Technologies said weather forecasts for much of the U.S. from Dec 6-10 show above-normal temperatures sweeping across the western to the central parts of the country. Also, most of the U.S. is seeing weather forecasts shifting warmer from Dec 11-15.
