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Rich Asplund

Nat-Gas Prices Continue to Fall Back Despite Hot US Weather

United States Nymex Natural Gas BNEF EIA Electricity Freeport LNG

Sep Nymex natural gas (NGU24) on Wednesday closed down -0.066 (-2.97%), adding to Tuesday's decline of -2.71%. Sep nat-gas prices have now more then given back Monday's rally of +5.59%.

Nat-gas prices on Wednesday continued to run into long liquidation pressure after Monday's rally. Nat-gas prices also fell on continued concern about high inventories, although the consensus is for Thursday's weekly EIA report to show an increase of +11 bcf, less than the 5-year average for the week of +59 bcf.

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