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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Fall as U.S. Weather Forecasts Turn Warmer

Maxar Technologies United States Nymex BNEF EIA Natural Gas

January Nymex natural gas (NGF24) on Wednesday closed down -0.045 (-1.81%).

Nat-gas prices on Wednesday closed moderately lower and came under pressure after midday weather forecasts shifted warmer for the northern half of the U.S., which will reduce heating demand for nat-gas.  Forecaster Maxar Technologies said Wednesday that the northern tier of the U.S. is seeing widespread warmer forecasts from Dec 25-29.  On Tuesday, the Commodity Weather Group said record-high temperatures could be seen in the Midwest during the Christmas holidays.

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