Potential mid-December cold offers hope for natural gas bulls

Natural gas futures were trading slightly higher early Tuesday as forecasters continued to point to a potential shift toward colder temperatures around the middle of the month. The January Nymex contract was up 1.1 cents to $2.893/MMBtu at around 8:45 a.m. ET.

The European weather model trended milder overnight by showing less cold moving into the United States this weekend and next week, bringing it into better agreement with American modeling, according to NatGasWeather.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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