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Rich Asplund

Nat-Gas Prices Fall on Forecasts for Cooler US Weather

United States Nymex Electricity BNEF Natural Gas

July Nymex natural gas (NGN25) on Tuesday closed down by -0.161 (-4.35%).

July nat-gas prices Tuesday fell for a third consecutive session and sank to a 1-week low.   Nat-gas prices are under pressure due to forecasts for cooler US temperatures that will potentially reduce nat-gas demand from electricity providers to run air conditioning.  Forecaster Atmospheric G2 said Tuesday that forecasts shifted cooler for parts of the southwestern and south-central US for June 29-July 3.  

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