Natural Gas Rallies On Counter-Intuitive Theory

DJ Natural Gas Rallies on Counter-Intuitive Theory -- Market Talk

  14:57 EDT - Weather forecasts for the Northeast and eastern seaboard are calling for a spate of much-above normal
temperatures through mid-month. That's normally a downbeat note for the natural-gas market, which is normally buoyed by
heating demand. But some analysts and strategists say the market appears to be counting on a surge in demand from power
plants, which can switch over to natural gas as a source fuel to generate electricity and power air conditioners to
handle an early-season heat wave. "Power generators have flipped to natural gas in a big way," says Price Futures' Phil
Flynn. Front-month Nymex futures settle at their highest level since March 18, rising 1.6% to $2.821/MMBtu.
(christian.berthelsen@wsj.com)

  (END) Dow Jones Newswires

  May 04, 2015 14:57 ET (18:57 GMT)

  Copyright (c) 2015 Dow Jones & Company, Inc.

050415 18:57 -- GMT
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