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Natural gas futures rally to hit 7-week high on colder weather forecasts
" ... It earlier rose to USD 4.205 per million British thermal units, its highest price since September 23.
Earlier in the day, the U.S. National Weather Service said it expected colder-than-normal temperatures for much of the U.S. in the week of November 13 to November 18, including most parts of the Midwest and East Coast.
The U.S. East Coast is a key gas-consuming area. Cooler-than-normal winter temperatures increase the need for gas-fired electricity to heat homes, raising demand for natural gas.
Also Monday, the Commodity Weather Group said in a report that “Cooling is expected to arrive in waves" beginning this weekend. The report added that, “Depending on how cold it does get, prices could rise as high as USD 4.50 per million British thermal units. ... "
Natural gas futures rally to hit 7-week high on colder weather forecasts By FuturesPros.com
speriamo in chiusura che il future vada a testare la resistenza 4.16