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Rich Asplund

Nat-Gas Prices Climb on Expectations of Colder US Weather

United States Atmospheric G2 Nymex EIA BNEF Natural Gas

December Nymex natural gas (NGZ25) on Thursday closed up +0.125 (+2.95%).

Dec nat-gas prices moved higher on Thursday due to expectations that colder US temperatures will boost heating demand for nat-gas.  Forecaster Atmospheric G2 said Thursday that forecasts shifted colder over the eastern US for November 11-15.  Thursday's weekly EIA storage report was neutral for prices as nat-gas inventories rose+33 bcf for the week ended October 31, right on expectations but below the five-year average of +42 bcf.

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