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Rich Asplund

Nat-Gas Prices Settle Sharply Higher as Feb Nymex Contract Expires

Nymex United States Natural Gas EIA BNEF

February Nymex natural gas (NGG26) on Wednesday closed up by +0.506 (+7.28%).

Feb nat-gas prices on Wednesday rallied sharply to a fresh 3.25-year high. Nat-gas prices recovered from early losses on Wednesday and moved sharply higher as weather forecasts shifted slightly colder for the eastern half of the US for the first week of February, potentially boosting heating demand and drawing down nat-gas inventories.

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