Investing.com — U.S. natural gas futures have seen an increase, with the front month surpassing the $4 mark. This surge is due to the frosty weather conditions in January, which have led to a rise in heating demand and the potential for greater production freeze-offs.
According to a note from NatGasWeather.com, the cold temperatures are affecting a large part of the northern U.S., leading to a high demand for natural gas.
After a short period of milder temperatures, the national demand for natural gas is expected to peak at very high levels from Sunday through Friday of the following week.
This is due to an Arctic blast that is predicted to sweep across the U.S., reaching as far as Texas and the South.
The Nymex natural gas has responded to these conditions with a 1.9% increase, now standing at $4.043/mmBtu.
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