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Rich Asplund

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

Atmospheric G2 Nymex United States BNEF EIA Natural Gas

January Nymex natural gas (NGF24) on Wednesday closed down -0.033 (-1.16%).

Nat-gas prices Wednesday posted moderate losses and have closed lower for four consecutive sessions.  Forecasts for milder U.S. weather that curb heating demand for nat-gas are undercutting prices.  Forecaster Atmospheric G2 said Wednesday that temperatures will be generally mild over North America over the next 10+ days.  Also, a negative carryover from Wednesday's slide in European nat-gas prices to a 7-week low undercut U.S. nat-gas prices.  

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