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Barchart
Rich Asplund

Nat-Gas Prices Sharply Higher on the Outlook for Colder US Temps

United States Nymex BNEF EIA Natural Gas

December Nymex natural gas (NGZ24) on Wednesday closed sharply higher by +0.195 (+6.50%)

Dec nat-gas prices Wednesday extended this week's sharp rally to a 10-month nearest-futures high.  The outlook for sharply colder temperatures toward the end of the month that will boost heating demand for nat-gas is pushing prices sharply higher.  Forecaster Atmospheric G2 said Wednesday that forecasts shifted colder for the central and eastern US with a risk of a polar blast of temperatures for the November 25-29 period.  

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