Natural Gas Jumps 8% On Colder-Than-Expected Weather Forecast ...Middle East

Natural gas futures jumped by 8% Monday morning as weather models suggested cooler temperatures in the U.S.  Natural gas rose to $2.29/MMBtu in early trading. Colder weather is projected to impact the central part of the country before moving eastwards toward the Great Lakes and Northeast.  Weekend weather forecasts suggested a second consecutive period of strong demand for natural gas. LNG feed gas demand is also estimated to hit record highs, providing additional support to the market. The forecasts have been labeled…

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