US Natural Gas Inches Up on Brief Cold Snap, Oil Price Gains
The NRG TH Wharton generating station in Houston, Texas.
Photographer: Antranik Tavitian/BloombergUS natural gas futures ended slightly higher as a short bout of cold weather increased demand for the heating and power-plant fuel. Rising oil prices, which have influenced the front-month US gas contract since the war in Iran broke out, may also be pushing prices higher.
“A near-term cold wave is hitting the Ohio valley and moving eastward,” supporting prices, said Dennis Kissler, senior vice president for trading at BOK Financial Securities Inc.