Natural Gas Prices Keep Rallying, Reach 23-Month High -- Market Talk

Dow Jones12-21

1500 ET - Natural gas futures rise for the fourth consecutive session, rallying to their highest level since January 2023, as weather forecasts turn a bit colder. According to NatGasWeather.com, U.S. storage is expected to change little this week while "national demand will increase to moderate-high levels this weekend." Demand is likely to "again become very light" in the last week of the year. The forecaster adds that "cold air over the high latitudes/poles will have opportunity to move towards the mid-latitudes the first half of January." Natural gas futures rise 5% to $3.748. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

December 20, 2024 15:00 ET (20:00 GMT)

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The forecaster adds that \"cold air over the high latitudes/poles will have opportunity to move towards the mid-latitudes the first half of January.\" Natural gas futures rise 5% to $3.748. 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