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Barchart
Rich Asplund

Nat-Gas Prices Surge on the Outlook for Arctic Temps to Engulf the U.S.

United States Nymex BNEF Natural Gas

February Nymex natural gas (NGG24) on Tuesday closed +0.210 (+7.05%).

Nat-gas prices on Tuesday rallied sharply and posted a 2-month high as prices have climbed for six consecutive sessions.   The outlook for below-normal U.S. temperatures that will boost heating demand for nat-gas is pushing nat-gas prices sharply higher.  On Tuesday, NatGasWeather predicted that an arctic air mass will "advance aggressively across the U.S. this weekend and next week," bringing cold weather across the the northern part of the U.S. and the South, including Texas.  

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