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Rich Asplund

Nat-Gas Prices Jump on Colder US Temps and a Rally in European Gas Prices

Gas Prices United States Europe Maxar Technologies Nymex BNEF EIA Natural Gas

November Nymex natural gas (NGX24) on Thursday closed up +0.180 (+7.69%).

Nov nat-gas prices Thursday rallied sharply to a 1-week high on the outlook for colder US temperatures, which will boost heating demand for nat-gas.  Forecaster Maxar Technologies said the 11-15 day forecast is leaning colder for the western half of the US.  Nat-gas prices also garnered carryover support from Thursday's rally in European gas prices to a 2-1/2 month high.

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