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Rich Asplund

Nat-Gas Prices Recover on Risks of Cold US March Temps

United States Gas Prices Natural Gas Nymex EIA BNEF

March Nymex natural gas (NGH26) on Wednesday closed up by +0.054 (+1.85%).

March nat-gas prices recovered from a 4.25-month nearest-futures low on Wednesday and settled higher. Short-covering emerged in nat-gas futures on Wednesday after longer-term weather forecasts called for below-normal temperatures next month, potentially boosting nat-gas heating demand. On Wednesday, EBW Analytics Group said the probability increased for a "polar vortex" weather pattern dropping into the lower 48 US states in the middle of next month.

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