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Barchart
Barchart
Rich Asplund

Forecasts for Colder US Temps Lift Nat-gas Prices

United States Gas Prices Atmospheric G2 Nymex BNEF EIA Natural Gas

March Nymex natural gas (NGH25) on Monday closed up by +0.135 (+4.08%).

Mar nat-gas prices Monday rallied to a 2-week high and settled sharply higher.  Nat-gas prices rallied on expectations for colder US weather that would boost heating demand for nat-gas.  Forecaster Atmospheric G2 said Monday that forecasts have shifted colder, especially in the Central and Eastern parts of the US, for February 15-19.   Strength in European nat-gas prices also supported US gas prices after European nat-gas Monday surged to a 2-year high.

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