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Barchart
Rich Asplund

Cooler US Weather Forecasts Slam Nat-Gas Prices

United States Commodity Weather Group BNEF EIA Natural Gas

June Nymex natural gas (NGM26) on Friday closed down -0.111 (-3.68%).

Nat-gas prices on Friday tumbled to a 1-week low and settled sharply lower. Forecasts for cooler US weather, which will reduce air-conditioning usage and demand for nat-gas, hammered prices on Friday. The Commodity Weather Group said Friday that forecasts shifted cooler, with mostly seasonally normal temperatures expected across the US through May 31. a

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