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Barchart
Barchart
Rich Asplund

Above-Normal US Temps Weigh on Nat-Gas Prices

United States Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG26) on Monday closed down -0.095 (-2.63%),

Feb nat-gas prices fell to a 2.25-month low on the nearest futures chart on Monday and settled sharply lower.  Weather forecasts of above-normal US temperatures, which will reduce nat-gas heating demand, are weighing on prices.  Forecaster Xweather said Monday that the outlook has shifted warmer for temperatures from the Midwest to the East Coast for January 10-14.  

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