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Rich Asplund

Nat-Gas Prices Extend Thursday's Rally on Colder U.S. Temps

United States Maxar Technologies Nymex BNEF EIA Natural Gas

November Nymex natural gas (NGX23) on Friday closed +0.172 (+5.43%).

Nat-gas prices on Friday rallied sharply for the second day and posted an 8-1/2 month nearest-futures high. Nat-gas surged on the outlook for colder U.S. temperatures that would boost heating demand for nat-gas. Forecaster Maxar Technologies said forecasts shifted cooler for the eastern U.S. from October 14-18, and Atmospheric G2 said "a complex frontal system" will drive cooler-than-average weather into the central, southern, and eastern U.S. into mid-October.

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