Which Gas-Weighted Stocks Follow Natural Gas’s Eight-Month High?

On October 17, natural gas November futures rose 2.5% and settled at $3.32 per MMBtu (million British thermal units)—the highest closing level for active natural gas prices since January 29. According to Reuters, for the next two weeks, Refinitiv analysts have increased the total degree days from 225 on October 16 to 227 on October 17 in the Lower 48 US states. The increase might result in slightly higher natural gas use for heating than previously expected. The total degree days are still higher than the 30-year average of 188 for these weeks.