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Barchart
Rich Asplund

Nat-Gas Rallies Ahead of Expiration of Jan Futures Contract

Nymex United States BNEF EIA Natural Gas

January Nymex natural gas (NGF24) on Wednesday closed +0.069 (+2.71%).

Nat-gas prices on Wednesday rallied to a 3-week high and closed moderately higher.  Fund short covering propelled nat-gas prices higher ahead of Wednesday's January Nymex nat-has futures contract expiration.  Also, the outlook for colder U.S. temperatures that will boost heating demand for nat-gas pushed prices higher after forecaster Maxar Technologies said forecasts for Jan 1-Jan 5 show colder trends in the southern U.S.  

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