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Barchart
Rich Asplund

Nat-Gas Prices Fall on Warm Temps and Higher Production

United States Gas Prices Commodity Weather Group Natural Gas Nymex Baker Hughes BNEF EIA

March Nymex natural gas (NGH26) on Friday closed down by -0.087 (-2.48%).

March nat-gas prices gave up an early advance on Friday and settled lower amid forecasts of warmer US temperatures, potentially reducing nat-gas heating demand.   The Commodity Weather Group said Friday that above-normal temperatures are expected across the Midwest and South through February 20.  Losses in nat-gas prices accelerated on Friday after the Baker Hughes weekly report showed active US nat-gas drilling rigs increased to a 2.5-year high, suggesting higher near-term gas production.  

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