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Rich Asplund

Cold Weather Forecasts Push Nat-Gas Prices Higher

United States Nymex EIA BNEF Natural Gas

December Nymex natural gas (NGZ25) on Thursday closed up by +0.113 (+2.49%).

Dec nat-gas prices extended their month-long rally on Thursday to a new 8-month nearest-futures high. Forecasts for colder US temperatures at the end of this month will increase heating demand for nat-gas and are pushing prices higher. Forecaster Atmospheric G2 said Thursday that forecasts shifted cooler in the western half of the US in the November 18-22 period and turned colder for November 23-27.

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