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Rich Asplund

EXPLAINED: Nat gas prices push higher on forecasts for cold us temps - The Real Truth

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

January Nymex natural gas (NGF25) on Thursday closed higher by +0.036 (+1.18%)

Jan nat-gas prices on Thursday posted moderate gains on the outlook for colder US weather over the country's eastern half, which will boost heating demand for nat-gas. Forecaster Atmospheric G2 said Thursday that forecasts shifted much colder over the eastern half of the US from December 10-14. The market shrugged off Thursday's bearish weekly EIA inventory report after nat-gas inventories fell -30 bcf, a smaller draw than expectations of -36 bcf.

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