Natural gas prices rise amid weather forecast change

Source: Investing.com
On Wednesday prices for natural gas in the US rose due to investor reaction on frigid weather shift. Gas futures for February hit a ten-day high, $3.118 per million British thermal units, compared to $2.943 on January 14. The temperatures in the US are likely to be not as warm as first expected, the new forecast showed, thus boosting demand for gas. The season peak of gas demand will last from November to March, as US natural gas stockpiles at 3.089 trillion cubic feet, 7.4% more than in the same month of 2014.
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