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Rich Asplund

Nat-Gas Prices Erase Early Gains as US Weather Forecasts Warm

United States Atmospheric G2 EIA Nymex BNEF Natural Gas

November Nymex natural gas (NGX25) on Wednesday closed down by -0.024 (-0.69%).

Nov nat-gas prices fell from a 3-week nearest-futures high on Wednesday and settled lower.  Updated US weather forecasts on Wednesday, which called for warmer temperatures early next month, spurred long liquidation in nat-gas futures.  Forecaster Atmospheric G2 said on Wednesday that forecasts have shifted warmer across the US for November 1-5, which should curb heating demand for nat-gas.  

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