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Rich Asplund

Nat-Gas Prices Rally on Frigid US Temps and Tighter Supplies

United States Maxar Technologies Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG25) on Thursday closed up by +0.175 (+4.29%).

Feb nat-gas prices Thursday settled sharply higher and are modestly below Monday's 1-year nearest-futures high. The outlook for colder US weather that will boost heating demand for nat-gas is pushing prices higher. Forecaster Maxar Technologies said Thursday that weather models shifted colder for the northern and western part of the US for Jan 21-25, with near-record low temperatures for the eastern half of the US.

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