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Barchart

Rich Asplund

UNCOVERED: Nat gas prices recover on a broad rebound in commodities - The Untold Story

United States Nymex BNEF Natural Gas

June Nymex natural gas (NGM23) on Friday closed up +0.036 (+1.71%).

Jun nat-gas Friday recovered from a 3-week low and posted moderate gains. A broad rally in commodity prices Friday supported gains in nat-gas as commodity demand concerns eased after Friday's stronger-than-expected U.S. Apr payrolls report. However, gains in nat-gas prices are limited by the outlook for milder U.S. weather to reduce heating demand for nat-gas. The Commodity Weather Group said above-normal temperatures are expected across the northern and central U.S. states from May 10-14.

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