Natural Gas Prices Rise Due to Cooler US Weather Forecasts
Natural gas prices increased as US weather forecasts indicated cooler conditions, prompting short-covering in futures. The Commodity Weather Group reported a shift to cooler temperatures in the eastern two-thirds of the US through April 20, though above-average temperatures are expected later in the month. This follows a recent decline in prices due to high production and low demand.
Topics: Commodity Futures Energy Markets Natural Gas Prices Weather Impact