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Rich Asplund

Nat-Gas Prices Surge as US Weather Forecasts Turn Colder

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG26) on Monday closed up +0.240 (+7.57%),

Feb nat-gas prices rallied sharply on Monday as forecasts for colder US weather spurred short covering in nat-gas futures.  Forecaster Atmospheric G2 said Monday that forecasts shifted colder across the eastern half of the US for January 17-21, potentially boosting nat-gas heating demand.  Also, the weather outlook trended colder in the northern half of the country for January 22-26.  

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