Natural Gas Forecast: Prices Rise as Rare Cold Snap Grips Central US

Natural Gas Forecast: Prices Rise as Rare Cold Snap Grips Central US
2021-04-20 03:00:00
Thomas Westwater,
Analyst
Natural Gas - Talking Points
Prices are at the highest level since early March as weekly gain nears 2.5%
Technical outlook for natural gas improved but bullish narrative uncertain
An unusual late-season cold snap expected to move through the central United States is driving natural gas prices higher. The heating gas is on track to make a second consecutive weekly gain, with prices nearly 2.5% higher on the increased demand expectations from the incoming cold weather. The National Weather Service (NWS) is predicting a winter storm that will see heavy snow accumulations from Colorado to Ohio.

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