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Barchart
Rich Asplund

Nat-Gas Prices Surge Due to Persistent US Cold Weather

United States Gas Prices EIA Nymex Natural Gas BNEF

March Nymex natural gas (NGH26) on Friday closed up by +0.436 (+11.13%).

March nat-gas prices rallied sharply on Friday, but remained below Wednesday's 3-year nearest-futures (G26) high.   Nat-gas prices have carryover support from Thursday's weekly EIA inventory report that showed a larger-than-expected draw in gas storage levels.  Also, nat-gas prices are climbing as the current Arctic cold blast enveloping the US is boosting heating demand and bolstering expectations for another above-average drawdown in nat-gas storage.  

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