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Rich Asplund

Nat-Gas Prices Decline on Mild Weather Outlook

United States Atmospheric G2 Nymex BNEF Electricity Natural Gas

June Nymex natural gas (NGM23) on Tuesday closed down -0.079 (-3.29%).

Jun nat-gas Tuesday fell moderately as mild U.S. temperatures are seen curbing nat-gas demand for power generation.  Forecaster Atmospheric G2 said normal to slightly cooler-than-normal temperatures will be seen across the southern and eastern states next week, reducing nat-gas demand from electricity providers to power air conditioning.  Nat-gas was also undercut by negative carryover from Tuesday's slump in European nat-gas prices to a 23-month low.

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