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Rich Asplund

Forecasts for Frigid US Temps Push Nat-Gas Prices Sharply Higher

United States Vaisala Nymex BNEF EIA Natural Gas

December Nymex natural gas (NGZ25) on Tuesday closed up sharply by +0.227 (+5.23%).

Dec nat-gas prices rallied sharply to an 8-month nearest-futures high on Tuesday as forecasts for frigid US temperatures support increased heating demand for nat-gas. Forecaster Vaisala said Tuesday that the midday update to the Global Forecast System weather model shifted colder in the North Rockies and in the Northeast for November 14-18. Also, forecasts moved colder in the central US for November 21-25.

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