Bespoke Weather Services projected above-average gas-weighted degree days beginning Friday, Nov. 9, which may continue through Nov. 18, with heating demand expected to peak around Nov. 14, the Natural Gas Intelligence reports.

“Natural gas futures rose 8.6 percent Monday, their biggest gain in two years, as weather forecasts turned sharply colder for the eastern and central regions of the U.S. Northeast gas producers including Southwestern Energy Co. and EQT Corp. climbed more than 8 percent,” according to Bloomberg.

UNG, the most heavily traded natural gas ETF, is up more than 23% year-to-date, making it one of the best-performing commodities ETFs this year.

For more information on the natgas market, visit our natural gas category.

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