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Barchart
Rich Asplund

Cold U.S. Temps Support Nat-Gas Prices

United States Nymex BNEF Natural Gas

February Nymex natural gas (NGG24) on Monday closed +0.087 (+3.01%).

Nat-gas prices on Monday moved higher for the fifth consecutive session and posted a 6-week high.   The outlook for below-normal U.S. temperatures that will boost heating demand for nat-gas is pushing nat-gas prices sharply higher.  On Monday, the Commodity Weather Group said temperatures for the Midwest and South are shifting colder for Jan 13-17, which will "spike heating demand for nat-gas above normal."  

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