High or low temperatures hike the need for heating or air conditioning, thus increasing demand for natural gas at the nation's thermal power generators.
On the New York Mercantile Exchange, natural gas futures for delivery in January traded at USD3.902 per million British thermal units during U.S. trading, up 0.97%.
The commodity hit a session low of USD3.835 and a high of USD3.917.
The January contract settled up 0.57% at USD3.864 per million British thermal units on Tuesday.
Futures were likely to find support at USD3.788 per million British thermal units, the low from Nov. 19, and resistance at USD3.982, the high from June 19.
Investors took up positions on hopes supply data will show an increase in demand due to cold weather.
Early withdrawal estimates for Wednesday's storage data range from 5 billion cubic feet to 20 billion cubic feet, compared to a drop of 2 billion cubic feet during the same week a year earlier.
The five-year average change for the week is a decline of 15 billion cubic feet.
Total U.S. natural gas storage stood at 3.789 trillion cubic feet as of last week, 2.3% below last year's unusually high level but 0.4% above the five-year average for this time of year.
Meanwhile, updated weather forecasting models called for cold temperatures across most parts of the eastern half of the U.S. during the next ten days.
The heating season from November through March is the peak demand period for U.S. gas consumption.
Elsewhere on the NYMEX, light sweet crude oil futures for delivery in January were down 1.81% and trading at USD91.98 a barrel, while heating oil for January delivery were down 0.03% and trading at USD3.0416 per gallon.
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