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Barchart
Rich Asplund

Abundant US Nat-Gas Supplies Weigh on Prices

United States EIA Nymex BNEF Natural Gas

October Nymex natural gas (NGV25) on Monday closed down -0.082 (-2.84%).

Oct nat-gas prices fell for a third consecutive session on Monday and posted a 3.5-week low.   Nat-gas prices are being weighed down by negative carryover from last Thursday when the EIA reported a larger-than-normal build in nat-gas inventories.  As of September 12,  US nat-gas inventories are +6.3% above their 5-year seasonal average, a sign of abundant supplies.

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