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Barchart
Rich Asplund

Nat-Gas Prices Extend Rally on Weather Forecasts

EIA Nymex United States BNEF Natural Gas

December Nymex natural gas (NGZ23) on Friday closed slightly higher by +0.006 (+0.17%), rising for the fifth consecutive session.

Nat-gas prices Friday had continued support from Thursday's bullish EIA report and weather forecasts.  Atmospheric G2 expects cold air to expand across the eastern two-thirds of the U.S. next week, boosting heating demand in northern areas.  Meanwhile, Maxar on Friday said that forecasts shifted warmer for Nov 6-10 for the West and southern half of the U.S., which could boost air conditioner demand in southern areas.

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