January Nymex natural gas (NGF26) on Friday closed up sharply by +0.226 (+4.46%).
Jan nat-gas prices soared on Friday to a nearly 3-year nearest-futures high as forecasts of frigid US temperatures are expected to boost nat-gas heating demand. Nat-gas prices have rallied sharply over the past week as late-autumn temperatures have remained well below normal and are expected to persist, boosting heating demand and shrinking nat-gas storage levels. Forecaster Atmospheric G2 said Friday that significantly colder-than-normal temperatures are forecast over the eastern half of the US for December 10-14, with the pattern continuing into the following week.
