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Barchart
Barchart
Rich Asplund

Above Normal U.S. Temps Weigh on Nat-Gas Prices

January Nymex natural gas (NGF24) on Friday closed down -0.004 (-0.15%).

Nat-gas prices Friday closed slightly lower but remained above Thursday's 3-1/2 month low.  Nat-gas prices have been under pressure this week on weather forecasts calling for above-average temperatures that would reduce heating demand for nat-gas.  The Commodity Weather Group said Friday that weather forecasts moved warmer in the U.S. from Dec 13-17, and "the longer-range temperature forecast turned warmer than normal for most of the U.S."  

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