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Natural Gas Prices Settle Higher as Rebound Continues

Natural gas inched up Wednesday as bottom-pickers continue to push a rebound from three-year lows set last week.

Prices for the front-month November contract settled up 0.4 cent, or 0.2%, to $2.474 a million British thermal units on the New York Mercantile Exchange. Even with three winning sessions out of four, gas is up just 1.7% from the three-year low settlement it hit Oct. 1.

Many traders were buying in hope that the recent historical low will be the bottom, or at least a temporary bottom in a market that has ground almost steadily downward since late July, brokers said. Others...


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