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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Fade As Forecasts Turn a Bit Cooler

United States Commodity Weather Group Natural Gas BNEF EIA

August Nymex natural gas (NGQ26) on Friday closed down -0.045 (-1.54%), falling back towards last week’s 2.25-month nearest-futures low.

Nat-gas prices fell back as US natural gas inventories remain well above the 5-year average and weather forecasts shifted a bit cooler. Commodity Weather Group is still forecasting above-average temperatures in the interior West through August 7, but lower temperatures than previously thought.

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