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Rich Asplund

Nat-Gas Prices Fade Mildly But See Support from Hotter US Weather Forecasts

United States Natural Gas Nymex BNEF EIA Tropical Storm Bertha

August Nymex natural gas (NGQ26) on Thursday closed down -0.009 (-0.31%), giving back part of Wednesday's rally of +2.09%.

Nat-gas prices fell back as US natural gas inventories rose by more than the 5-year average. Also on the bearish side was concern that Tropical Storm Bertha could disrupt liquefied natural gas (LNG) export facilities on the US Gulf Coast, leading to reduced nat-gas exports and larger domestic supplies.

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