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Rich Asplund

Nat-Gas Prices Fall on Forecasts for Cooler US Temps

United States Vaisala Electricity Baker Hughes BNEF Natural Gas

August Nymex natural gas (NGQ25) on Monday closed down -0.122 (-3.92%).

Aug nat-gas prices tumbled to a 3-month low on Monday and settled sharply lower after US weather forecasts cooled, which will reduce nat-gas demand from electricity providers for air conditioning usage. Forecaster Vaisala on Monday said that forecasts shifted cooler for the eastern half of the US for August 2-6.

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