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Barchart
Rich Asplund

Nat-Gas Prices Rally on Cold US Temps and Expectations of Tighter Inventories

United States Gas Prices Natural Gas Nymex The Commodity Weather Group EIA BNEF

March Nymex natural gas (NGH26) on Wednesday closed higher by +0.154 (+4.65%).

March nat-gas prices moved sharply higher on Wednesday amid the outlook for colder US weather to persist and expectations of a record drawdown in weekly nat-gas inventories on Thursday.  The Commodity Weather Group said Wednesday that very cold weather is expected in the Northeast through February 8, potentially boosting nat-gas heating demand.

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