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Barchart
Rich Asplund

Nat-Gas Prices Fall as Warm U.S. Temps Keep LNG Inventories Elevated

Nymex United States BNEF Natural Gas

January Nymex natural gas (NGF24) on Monday closed down -0.120 (-4.26%).

Nat-gas prices Monday tumbled to a 2-1/4 month low and closed sharply lower as persistently weak domestic demand for nat-gas is boosting nat-gas inventories.  Warmer-than-average U.S. temperatures are curbing heating demand for nat-gas and are weighing on prices.  Forecaster Atmospheric G2 said weather forecasts are "significantly warmer" in the northeast and southwest between Dec 9-12.

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