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Barchart
Rich Asplund

Nat-gas Prices Push Higher as US Temps Cool and Supplies Tighten

United States Commodity Weather Group EIA BNEF Natural Gas

March Nymex natural gas (NGH25) on Thursday closed up by +0.048 (+1.43%).

Mar nat-gas prices Thursday posted moderate gains on the outlook for below-normal US temperatures to boost heating demand for nat-gas.  The Commodity Weather Group said Thursday that forecasts shifted colder for much of the US for February 6-20.  Thursday's weekly EIA report was slightly bullish for nat-gas prices after the EIA reported that nat-gas inventories fell -174 bcf, a larger draw than expectations of -171 bcf.

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