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Barchart
Rich Asplund

Mild U.S. Temps Weigh on Nat-Gas Prices

United States Commodity Weather Group Nymex BNEF Natural Gas

June Nymex natural gas (NGM23) on Tuesday closed down -0.104 (-4.49%).

June nat-gas Tuesday fell sharply to a 2-week low on a mild U.S. weather outlook that would curb heating demand for nat-gas.  The Commodity Weather Group said above-normal temperatures are expected across the central and southern U.S. states from May 7-11.  Also, Tuesday's sell-off in European nat-gas prices to a 1-3/4 year low weighed on U.S. nat-gas prices.

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