US Natural Gas Futures Rise on Oil Price Gain, Lingering Cold

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Photographer: Derick E. Hingle/BloombergUS natural gas futures rose on a cold shift in weather forecasts, indicating higher demand for the heating and power-plant fuel even as the gas market’s so-called winter heating season recedes in the rearview mirror. Rising oil prices, which have influenced the front-month US gas contract in recent months, may also be supporting US gas prices by driving financial inflows into baskets of energy products.A brief cold shot in the southern US also lifted day-ahead prices at the US benchmark Henry Hub above $3 per million British thermal units on Monday, which could be adding support to paper prices.