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Barchart
Rich Asplund

Forecasts for Seasonal US Temps Weigh on Nat-Gas Prices

United States Commodity Weather Group Nymex Electricity BNEF EIA Natural Gas

November Nymex natural gas (NGX24) on Thursday closed down by -0.064 (-2.27%).

Nov nat-gas prices Thursday gave up an early advance and turned lower on forecasts for seasonal US temperatures, which should reduce nat-gas demand from electricity providers to run air conditioning.  The Commodity Weather Group said temperatures will be near normal across most of the US from September 30 to October 4.  

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