Cold Weather Forecasts Push Nat-Gas Prices Higher [Yahoo! Finance]
Baker Hughes Company (BKR)
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Source: Yahoo! Finance
Dec nat-gas prices extended their month-long rally on Thursday to a new 8-month nearest-futures high. Forecasts for colder US temperatures at the end of this month will increase heating demand for nat-gas and are pushing prices higher. Forecaster Atmospheric G2 said Thursday that forecasts shifted cooler in the western half of the US in the November 18-22 period and turned colder for November 23-27. More News from Barchart Crude Prices Tumble as OPEC Projects a Global Crude Surplus Crude Prices Plummet on OPEC Projections for a Global Crude Surplus Nat-Gas Prices Turn Lower on a Mixed US Weather Forecast Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Higher US nat-gas production is a bearish factor for prices. On Wednesday, the EIA raised its forecast for 2025 US nat-gas production by +1.0% to 107.67 bcf/day from September's estimate of 106.60 bcf/day. US nat-gas produc
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