Natural Gas Prices Rebound on Surprise Midwest Cold Snap

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Short Term Demand Spike

The sudden shift in the 10-14 day weather models has caught short-sellers off guard. Heating demand is now projected to spike significantly above the five-year average for mid-February.

Storage Draws

Early estimates for this week's storage draw are being revised upward. While inventories are currently healthy, back-to-back cold snaps are quickly eroding the surplus built during early winter.