DJ Natural Gas Turns Positive as Contract Expires -- Market Talk
15:01 EDT - October natural gas contract went off the board with a gain on Friday, ending up 1.3c or 0.3% at $3.984 a
million British thermal units, after trading down earlier in the session. Analysts say some short-covering likely in
the rally, but there are also conflicting weather forecasts for the start of October -- and one of them predicting a
bullish cold snap for the start of October and the fall that could prompt early and robust gas-fired heating demand at
a time when the industry is in the final stages of trying to rebuild stockpiles depleted by last winter. But other
forecasts are predicting above-normal temperatures into early October, and inventories have been rising fast.
(christian.berthelsen@wsj.com)
(END) Dow Jones Newswires
September 26, 2014 15:01 ET (19:01 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
092614 19:01 -- GMT
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