US natural gas futures closed higher due to weather models raising cold tide expectations during the holiday season. The natural gas weather prediction website NatGasWeather stated in the report: “Meteorological data has shown that the temperature will drop further from December 30 to 31; data from the past few days shows that the daily heating value from January 1 to 4 will drop by several units, which is the core factor driving the rise in natural gas prices.” Natural gas futures rose 2.9% to close at $4.366/million British thermal units on the New York Mercantile Exchange.

US natural gas futures closed higher due to weather models raising cold tide expectations during the holiday season. The natural gas weather prediction website NatGasWeather stated in the report: “Meteorological data has shown that the temperature will drop further from December 30 to 31; data from the past few days shows that the daily heating value from January 1 to 4 will drop by several units, which is the core factor driving the rise in natural gas prices.” Natural gas futures rose 2.9% to close at $4.366/million British thermal units on the New York Mercantile Exchange.