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Rich Asplund

Nat-Gas Prices Surge on Cold US Weather Outlook

United States NatGasWeather Nymex BNEF Natural Gas

January Nymex natural gas (NGF25) on Thursday closed sharply higher by +0.210 (+6.22%)

Jan nat-gas prices rallied sharply Thursday and posted a 3-1/2 week high.  The prospects of colder US temperatures that will boost heating demand for nat-gas sent prices soaring on Thursday.   NatGasWeather said that updated weather models show colder temperatures advancing into the northern half of the US January 1-3.  Also, EBW AnalyticsGroup said that the longer-range weather outlook has increased for a mid-January cold spell in the southern US that could lead to freeze-offs and nat-gas production disruptions.

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