Natural gas rallies on ‘polar outbreak’ forecast

Energy , Natural Gas , USA Nov 07, 2014 No Comments

Natural gas: polar outbreakCold weather boosts consumption of natural gas, which heats about half the homes in the country. This winter’s first bout of cold weather is raising expectations for a repeat of last year, when frigid temperatures spurred record gas demand.

On Thursday, natural gas for December delivery shot up 5% to $4.404 a million British thermal units on the New York Mercantile Exchange, a four-month high.

Futures prices jumped nearly 25% in the past eight trading days, the longest winning streak this year, as forecasters say a blast of Arctic air may push temperatures to at least 10 degrees below normal next week across much of the U.S.

Via Natural Gas Rallies on Cold Weather Forecast – WSJ

Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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