December Nymex natural gas (NGZ23) on Wednesday closed up +0.084 (+2.70%).
Nat-gas prices Wednesday rose to a 1-week high and closed moderately higher. The outlook for cooler U.S. weather toward the end of the month pushed nat-gas prices higher Wednesday, as the colder temperatures will increase heating demand for nat-gas. Forecaster Atmospheric G2 said below-normal temperatures would move into the eastern two-thirds of the U.S. from Nov 25-29, and a "secondary polar cold front will drive polar air across much of the central and eastern U.S." toward the end of the month.
