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Barchart
Barchart
Rich Asplund

Nat-gas Prices Surge as US Weather Forecasts Turn Frigid

United States Commodity Weather Group Nymex BNEF EIA Natural Gas

March Nymex natural gas (NGH25) on Monday closed up sharply by +0.308 (+10.12%).

Mar nat-gas prices Monday surged to a 1-week high and settled sharply higher.  Prices rallied on forecasts for significantly colder US temperatures that will boost heating demand for nat-gas.  The Commodity Weather Group said Monday that beginning later this week, it expects below-normal temperatures across most of the northern half of the US for most of this month.   Short covering in nat-gas prices also emerged Monday after European nat-gas prices rallied to a 15-month high.  

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