MTECHTIPS;-U.S. natural gas futures recover after falling to 3-week

MTECHTIPS;-U.S. natural gas futures recover after falling to 3-week low

MTECHTIPS-U.S. natural gas futures were higher on Wednesday, bouncing off the prior session’s three-week low as traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels. U.S. natural gas for May delivery tacked on 6.4 cents, or around 2%, to $3.208 per million British thermal units by 9:10 AM ET (13:10 GMT). It lost 1.8 cents on Tuesday after hitting its lowest since March 29 at $3.114. Weather patterns are expected to be rather bearish through Thursday due to mostly mild temperatures dominating much of the country beside the far northern U.S., according to forecasters at However, a colder weather system will track over the southern and eastern U.S. from Friday through next Wednesday to bring an increase in demand to stronger levels. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on early-spring demand. The heating season from November through March is the peak demand period for U.S. gas consumption. Nearly 50% of all U.S. households use gas for heating

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