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Rich Asplund

Nat-Gas Prices Extend the Plunge as Warm U.S. Temps to Persist

Atmospheric G2 Nymex United States BNEF Natural Gas

January Nymex natural gas (NGF24) on Tuesday closed down -0.120 (-4.94%), adding to Monday's -5.81% plunge.

Nat-gas prices Tuesday extended Monday's plunge, posting a new 6-month nearest-futures low as early winter U.S. temperatures are forecast to remain above average into January, curbing heating demand for nat-gas.  Forecaster Atmospheric G2 said above-normal temperatures are expected to dominate most of North America for at least the next ten days and beyond.

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