Natural Gas Futures Could Hit 14-Month High Next Week

Bloomberg reported that natural gas futures may hit 14-month highs next week due to colder weather, according to a survey.

As quoted in the market report:

Nine of 13 analysts, or 69 percent, forecast that futures will advance on the New York Mercantile Exchange through Nov. 30. Three, or 23 percent, said gas will decline and one said prices will stay the same. Last week, 50 percent of participants said gas would rise this week.

To view the whole Bloomberg report, click here.