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Barchart
Rich Asplund

UNBELIEVABLE: Colder us weather forecasts boost nat gas prices | History Defined

United States Maxar Technologies Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG25) on Wednesday closed up by +0.202 (+5.86%).

Feb nat-gas prices rallied sharply Wednesday after updated weather forecasts called for colder US temperatures, which will boost heating demand for nat-gas.  Forecaster Maxar Technologies said Wednesday that Jan 18-22 temperatures will run colder than previously expected for the Midwest.   Nat-gas prices rose Wednesday despite weekly EIA nat-gas inventories falling -40 bcf, a smaller draw than expectations of -42 bcf.  

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