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Rich Asplund

Colder US Temps Lift Nat-Gas Prices

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

January Nymex natural gas (NGF26) on Monday closed up by +0.071 (+1.46%).

Jan nat-gas prices on Monday added to last Friday's sharp gains and posted a nearly 3-year nearest-futures high. Expectations of colder US temperatures, which will boost nat-gas heating demand, are lifting prices. Forecaster Atmospheric G2 on Monday said that forecasts shifted colder across the eastern two-thirds of the US for December 6-10, with temperatures trending even colder in the East for December 11-15.

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