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Rich Asplund

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

United States Gas Prices Natural Gas Nymex BNEF EIA

March Nymex natural gas (NGH26) on Monday closed down by -0.062 (-2.03%).

March nat-gas prices gave up an early advance on Monday and settled lower after updated US weather forecasts called for above-normal temperatures into the first week of March, potentially reducing nat-gas heating demand.  On Monday, the Commodity Weather Group said above-average temperatures are expected across the eastern half of the US through March 9.   Nat-gas prices initially moved higher on Monday after weather forecasts called for below-normal temperatures to linger in the Northeast through March 4.

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