Natural Gas is trading at $1.798 (+3.87%) due to higher heating demand expected next week
because of forecasts of cooler weather in the following 8-14 days. Below-normal temperatures are expected in the US lower 48 states and Refinitiv, a reputable data provider, has forecasted that gas demand will rise. Analysts have said that a decrease in oil production will benefit the natural gas industry since only 40% of US natural gas production is accounted for by associated gas production (which is gas that is produced along with crude oil).