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Rich Asplund

Nat-Gas Prices Edge Lower on the Outlook for Cooler U.S. Temps

Maxar Technologies Nymex United States Electricity Natural Gas BNEF

October Nymex natural gas (NGV23) on Friday closed -0.064 (-2.36%).

Nat-gas prices on Friday closed moderately lower. Forecasts for cooler U.S. temperatures next week that will reduce nat-gas demand from electricity providers to run air conditioning undercut nat-gas prices. Forecaster Maxar Technologies said a high-pressure system moving toward the East Coast would lower temperatures in the region, while temperatures in the western U.S. will be below normal from September 20-24.

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