August Nymex natural gas (NGQ25) on Tuesday closed down -0.073 (-2.20%).
Aug nat-gas prices extended Monday's sharp losses on Tuesday and posted a 1.5-week low on the outlook for cooler US temperatures, which would curb nat-gas demand from electricity providers for air conditioning usage. Forecaster Vaisala on Tuesday said forecasts shifted cooler for the Midwest in the latter half of the July 27-31 period, and milder conditions are expected to continue for August 1-5 over much of the US.
