Natural Gas Futures Climb To 1-week High On Cool U.S. Weather

Natural gas, increasing fuel demand caused by the weather forecast for the second time in a week on Tuesday, the day while the U.S. provides more than the growing concerns about deterioration in the Gulf of Mexico provides additional support.

New York Mercantile Exchange for delivery of natural gas increased by 1.18% in November term, U. S. USD 3890 per million British thermal units traded in the morning.

USD3.925 per million British thermal units before September 20 the highest since 2.2% of the transaction is.

Industry Group of the Federal MDA, the eastern states, predicts colder than normal through the first week of October, I said before, re-heating before the end of the month.

Major cities north of 50 degrees Fahrenheit during the low temperature range (4 to 10 degrees Celsius) to 40 degrees are likely to float.

"In many regions are expected to remain below normal, but cold at this time because it moves slowly fade," said forecasters.

Meanwhile, parts of Time Group, warmer temperatures than normal are expected in the southern U.S. states said in an episode of the cooling demand season, from September 28.

According to the AccuWeather weather service provider, Houston and Dallas, September 28th at 100 degrees Fahrenheit (37 degrees Celsius), highs can reach the top.

GTC said the cold weather in the Midwest and Eastern U.S. October 5 to October 1 at least 3-5 degrees colder than average temperatures should be, which could boost demand for heating during the first week of early October.

Merchants late September and October, trying to measure the effects of heating and cooling demand change in status in recent weeks, the weather forecast for natural gas prices have closely followed.

Natural gas prices have more support from the National Hurricane Center U. S. and then moved along the Pacific coast of Mexico, three storms, upgraded to Hurricane Hillary.

2.4%, to trade at USD2.869 per heating oil for November NYMEX in another part of the bag, sweet crude for November delivery term, rose to 3.94% of trade gallons of USD83. 41 a barrel.