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Barchart
Barchart
Rich Asplund

FOUND: Cooler us weather forecasts boost nat gas prices | Mind Blowing Facts

United States Atmospheric G2 Nymex EIA BNEF Natural Gas

May Nymex natural gas (NGK25) on Thursday closed up +0.083 (+2.05%).

May nat-gas prices settled higher on Thursday after weather forecasts for the northern US shifted colder, which could boost heating demand for nat-gas.  Forecaster Atmospheric G2 said Thursday that forecasts turned colder for the northern US and West Coast for April 8-12.  Gains in nat-gas prices were muted on Thursday after weekly EIA nat-gas inventories rose +29 bcf, slightly above expectations of +28 bcf and well above the five-year average for this time of year of a -13 bcf draw.

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