Dow Jones - Natural Gas Snaps 5-Session Losing Streak

DJ Natural Gas Snaps Five-Session Losing Streak



  By Nicole Friedman


  NEW YORK--Natural gas prices rose on Tuesday, snapping a five-session losing streak, as traders focused on upcoming
hot temperatures.

  Hot weather can boost demand for natural gas, as more households and offices use gas-powered electricity to run
air-conditioning units.

  In the next two weeks, "the big picture warm pattern continues to dominate," according to Commodity Weather Group
LLC, especially in the Midwest and Plains regions.

  Natural gas futures recently traded up 0.9 cent, or 0.4%, at $2.582 a million British thermal units on the New York
Mercantile Exchange.

  Futures fell on Monday to their lowest settlement since late April on expectations that weather-driven demand would
fade as summer ended and the surplus of natural gas would grow.

  Prices are "recovering most of Monday's losses as the market once again moves its focus to the warming trend that is
expected to engulf most of the U.S. into the first week of October," said Dominick Chirichella, analyst at the Energy
Management Institute, in a note.

  Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $2.59/mmBtu, compared with Monday's
range of $2.575 to $2.615. Cash prices at the Transco Z6 hub in New York traded at $2.38/mmBtu, compared with $2 to
$2.23 on Monday.


  Write to Nicole Friedman at nicole.friedman@wsj.com


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  (END) Dow Jones Newswires

  September 22, 2015 10:18 ET (14:18 GMT)

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

092215 14:18 -- GMT
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