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Rich Asplund

Nat-Gas Prices Drop on a Cooler US Weather Outlook

United States EIA Nymex The Commodity Weather Group BNEF Electricity Natural Gas

September Nymex natural gas (NGU26) on Thursday closed down -0.081 (-2.88%).

Nat-gas prices fell sharply on Thursday amid forecasts for cooler US temperatures, potentially reducing nat-gas demand from electricity providers to power air conditioning. The Commodity Weather Group said on Thursday that forecasts trended cooler, shifting away from very hot weather previously forecast for the US South in the coming weeks.

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