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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rally as US Temps Forecasted to Fall

December Nymex natural gas (NGZ24) on Monday closed sharply higher by +0.240 (+7.67%)

Dec nat-gas prices Monday settled sharply higher but remained below last Friday's 1-year nearest-futures high.  The outlook for colder-than-normal US temperatures that will increase heating demand for nat-gas is boosting prices.  On Monday, forecaster Atmospheric G2 said forecasts have shifted colder across the middle of the country and the southern part of the US for November 30-December 4.  

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