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Barchart
Rich Asplund

UNBELIEVABLE: Nat gas prices rebound on outlook for cold u s temps - The Untold Story

United States NOAA Nymex BNEF Natural Gas

May Nymex natural gas (NGK23) on Tuesday closed up +0.034 (+1.50%).

May nat-gas prices Tuesday recovered from early losses and posted moderate gains on the outlook for colder U.S. temperatures, which would boost heating demand for nat-gas.  The National Oceanic and Atmospheric Organization (NOAA) said that below-normal temperatures are expected across most of the eastern U.S. through May 4.  Nat-gas prices Tuesday initially moved lower on ample U.S. gas supplies that are currently 20.5% above average.

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