An updated weather forecast for the second week of November, calling for even colder temperatures than previously expected, sparked another round of short covering that pushed December gas futures 3.9% higher Monday to close in the low $2.80s per million Btu.

摘要

Colder-than-normal conditions are in place for this week as a Midwest system pushes to the East. "Natural gas prices continue to surge today as giddy traders look for deepening cold weather to bring the first storage withdrawals of the season," Gelber & Associates analyst Daniel Myers said.