U.S. Energy Department Natural Gas Update for Dec. 1 (Text)
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Following is the text of the weekly natural gas update as released by the U.S. Department of Energy in Washington D.C.:
Following the Thanksgiving Day holiday weekend, prices moved up significantly this week as wintry weather moved into much of the country. The most severe weather to date this season is increasing space-heating demand from nearly coast to coast and as far south as Florida. During the report week (November 24-December 1), the Henry Hub spot price increased $0.39 to $4.21 per million Btu (MMBtu).