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Rich Asplund

Nat-Gas Prices Fall on Demand Concerns From Warm Fall Temps

NatGasWeather Nymex United States Electricity BNEF EIA Natural Gas

November Nymex natural gas (NGX24) on Wednesday closed down by -0.073 (-2.67%).

Nov nat-gas prices today extended this week's losses to a 2-1/2 week low and closed moderately lower. Forecasts for above-normal fall temperatures that curb nat-gas demand for heating are weighing on prices. NatGasWeather said Wednesday that "the 10-15 day forecast favors warmer-than-normal temperatures over most of the US with highs of 60s-80s" for October 18-22.

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