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Rich Asplund

MYSTERIOUS: Nat gas prices gain on carryover strength from crude - What They Never Told You

Nymex United States BNEF EIA Natural Gas

November Nymex natural gas (NGX23) on Wednesday closed +0.054 (+1.90%).

Nat-gas prices Wednesday posted moderate gains and found support on positive carryover from a surge in crude prices to a 13-month high. Gains in nat-gas were limited on forecasts for above-normal U.S. temperatures that will curb heating demand for nat-gas undercut prices. According to forecaster Maxar Technologies, above-normal temperatures are expected from the Midwest to the East Coast from late September to mid-October.

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