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Rich Asplund

Nat-Gas Prices Climb on the Outlook for Colder US Weather

United States Maxar Technologies Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG25) on Friday closed up +0.064 (+1.93%).

Feb nat-gas prices Friday posted moderate gains on the outlook for colder US weather to boost heating demand for nat-gas. Forecaster Maxar Technologies said Friday that below-normal temperatures will move into the central and eastern US Jan 1-5 and intensify in the following 5 days. Nat-gas prices fell back from their best levels Friday after weekly EIA nat-gas inventories fell -93 bcf last week, a smaller draw than expectations of -100 bcf.

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