January Nymex natural gas (NGF26) on Friday closed up by +0.292 (+6.41%).
Jan nat-gas prices rallied sharply on Friday, surging to an 8.5-month nearest-futures high on expectations of colder US weather, potentially boosting heating demand for nat-gas. The Commodity Weather Group on Friday said weather models shifted cooler in the US, with intense cold seen in the Northeast and Great Lakes region for December 3-7. Also, forecasts indicate below-normal temperatures in the coming weeks for the Northeast and the Great Lakes.
