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Barchart
Rich Asplund

Cooler US Weather Forecasts Push Nat-Gas Prices Lower

United States BNEF EIA Midwest Natural Gas

August Nymex natural gas (NGQ26) on Tuesday closed down -0.105 (-3.79%).

Nat-gas prices retreated for a fourth straight session on Tuesday and posted a 3-month nearest-futures low. Prices are under pressure as weather models shifted to show a cooler Midwest and East Coast in the near term, reducing the need for air conditioning. The Commodity Weather Group said on Tuesday that forecasts call for normal to below-normal temperatures across the central and eastern US through August 5.

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