Natural gas prices have increased

Natural gas prices have increased due Monday colder weather expected

Natural gas prices on Monday in the US rose to a 3-week high, as markets are hoping that the cold snap will trigger the growth of demand.

Quotes natural gas ended the session on the NYMEX on Monday, rising 10.7 cents, or 3.8%, to 2,950 dollars per million BTU. Quotes natural gas peaked on 31 October. In addition, they closed in positive territory three times in the last four sessions.

This month, the natural gas market was under pressure amid warmer-than-normal air temperatures and a record level of stocks in storage. However, the approach of the winter season and cold weather has pushed the price up. Investors expect that the demand for heating will increase, helping to reduce high inventories.

"In the natural gas market feel the approach of winter," - said Kent Bayazitoglu of Gelber Associate. "this signals come more than a month ... Finally, they began to pay attention"- he added Bayazitoglu.

natural gas exports in November as imports exceeded that analysts considered positive for future demand.

"US once considered the world's largest LNG importer, but now that the economy itself makes it necessary amount of gas, and the excess of exports"- noted analysts at Barclays on Sunday. "Export (LNG) will continue to grow, which, in our view, support for natural gas prices in the US"- they added.

However, no significant growth in demand will be difficult in the winter prices for natural gas in the coming months, traders said.

"If severe cold does not install at least for a month, I do not think the bulls will surely dominate," - said the president of Excel Futures Mark Wagoner.

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