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外文期刊>NGW's Gas Market Reconnaissance
>Short-covering pushed November gas futures 6.3% higher Monday to close in the mid-$2.40s per million Btu on the eve of expiration as updated weekend forecasts called for notably colder weather than Friday’s forecast.
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Short-covering pushed November gas futures 6.3% higher Monday to close in the mid-$2.40s per million Btu on the eve of expiration as updated weekend forecasts called for notably colder weather than Friday’s forecast.
The system set to boost heating demand for the next few weeks will be concentrated in the Rockies and central US this week before moving east. “Updated forecasts added about 10 population-weighted heating degree days and are now about 20% higher than normal over the next 15 days,” Gelber & Associates analyst Daniel Myers said. He added that the winter contracts were seeing similar gains. “The resulting heating demand will restrain the final storage injections of the season.”
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