February Nymex natural gas (NGG26) on Tuesday closed up sharply by +0.804 (+25.91%),
Feb nat-gas prices surged to a 3-week high on Tuesday and settled sharply higher. The latest weather outlook signals sustained heating demand and possible nat-gas production losses in Texas due to freezing temperatures. Forecaster Atmospheric G2 said Tuesday that "All signs point to major Arctic cold outbreaks over the eastern two-thirds of North America late this week and into much of next week." Also, an arctic blast will push into Texas over this weekend, dropping temperatures below freezing, potentially leading to freeze-offs in wells that halt nat-gas production.
