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Barchart
Rich Asplund

Nat-Gas Prices Fall on Above-Normal US Weather Forecasts

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG26) on Friday closed down -0.068 (-1.84%),

Feb nat-gas prices extended this week's sell-off on Friday to a 2.25-month nearest-futures low.  Nat-gas prices retreated as warmer-than-normal US weather forecasts for mid-January could reduce nat-gas heating demand and boost storage levels.  Forecaster Atmospheric G2 said Friday that much warmer-than-normal temperatures are forecast over the eastern two-thirds of the US for January 7-11.  Also, temperatures shifted warmer across the north-central US region for January 12-16.  

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