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Published September 16, 2009, 08:13 AM

Natural gas rises on eve of heating season

Natural gas prices that have fallen steadily for a year are bouncing back sharply, up 16 percent since Monday, raising questions about whether prices fell too far.

By: The Associated Press, The Jamestown Sun

Natural gas prices that have fallen steadily for a year are bouncing back sharply, up 16 percent since Monday, raising questions about whether prices fell too far.

After jumping as much as 9 percent, natural gas settled 2.3 cents higher at $3.32 per 1,000 cubic feet Tuesday on the New York Mercantile Exchange. Benchmark crude for October delivery rose $2.07, to settle at $70.93 a barrel.

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