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Rich Asplund

Frigid US Weather Catapults Nat-Gas Prices to a 3-Year High

United States Gas Prices EIA Nymex Natural Gas Arctic BNEF

February Nymex natural gas (NGG26) on Thursday closed up by +0.170 (+3.49%),

Feb nat-gas prices extended this week's parabolic rally on Thursday, climbing to a 3-year nearest-futures high.  Natural gas prices have surged more than 60% over the last three days on forecasts of Arctic weather invading the US, boosting heating demand and potentially disrupting US gas production as water freezes in pipelines.   According to AccuWeather, a massive Arctic cold front will descend into the US as far south as Texas, bringing below-normal temperatures to more than 150 million people across 24 states.  

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