February Nymex natural gas (NGG24) on Thursday closed +0.072 (+2.55%).
Nat-gas prices rallied every day this week and extended the rally to a 5-week high on Friday. The outlook for colder U.S. temperatures that will boost heating demand for nat-gas is pushing nat-gas prices higher. On Friday, forecaster Maxar Technologies said the eastern third of the U.S. will see colder temperatures from Jan 10-14. Also, forecaster Atmospheric G2 said over the next two weeks and beyond, a weather pattern change will begin to unfold, resulting in a "significant Arctic cold shot" in the U.S.
