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Rich Asplund

Nat-Gas Prices Fall as US Weather Forecasts Trend Warmer

United States Atmospheric G2 Nymex EIA BNEF Natural Gas

November Nymex natural gas (NGX25) on Wednesday closed down by -0.165 (-4.72%).

Nov nat-gas prices gave up an early advance on Wednesday and settled sharply lower.  Prices came under pressure on Wednesday from a mixed US weather forecast, which could reduce heating demand for nat-gas.  Forecaster Atmospheric G2 said Wednesday that forecasts shifted cooler for the eastern two-thirds of the US for October 13-17, but temperatures trended warmer in the southern and eastern US for October 18-22.

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