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Rich Asplund

Colder US Weather Forecasts Boost Nat-Gas Prices

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG26) on Tuesday closed up +0.010 (+0.29%),

Feb nat-gas prices added to Monday's sharp rally on Tuesday and posted modest gains.  Expectations of colder US weather, which will boost nat-gas heating demand, are supporting prices.   Forecaster Atmospheric G2 said Tuesday that the outlook has shifted colder for the eastern two-thirds of the US for January 18-22.  Also, forecasts trended "much colder" in the Rockies, Northwest, and Midwest for January 23-27.  

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