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Barchart
Rich Asplund

Nat-Gas Prices Erase Early Gains on Forecasts for Warmer US Spring Temps

United States Gas Prices Nymex BNEF EIA Freeport Natural Gas

May Nymex natural gas (NGK24) on Wednesday closed down by -0.021 (-1.13%).

May nat gas prices on Wednesday fell back from a 3-week high and closed moderately lower.  Long liquidation in nat-gas emerged Wednesday after updated weather forecasts called for warmer US temperatures, which will reduce heating demand for nat-gas.  Forecaster Atmospheric G2 said Wednesday that spring warmth is expected for the eastern half of the US from April 8-12, while the west should see above-normal temperatures.  

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