Natural-gas futures soared to levels not seen in more than seven quarters this week, as colder weather in the latest round of forecast data suggests energy demand is set to increase. Natural gas futures inched towards $3 a million British thermal units (MMBtu) on Monday, closing up 5.1% at $2.881 MMBtu, their highest close since January 2019. Since July, prices have doubled with recent gains this month, around 19%, as nat gas power generation demand is set to increase. This is the biggest relative seasonal surge since 2016… Natural Gas Intelligence , quoting the latest Bespoke Weather Services report, said Monday that weather shifted cooler in “another sizable addition” of gas-weighted degree days (GWDD). Changes come throughout the 15-day forecast, and we now project October’s total GWDD count to be over 340, nearly 50 GWDD above the projection from just 10-12 days ago, quite a substantial move,” Bespoke said. […]