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Barchart
Rich Asplund

Nat-Gas Prices Fall on Warm U.S. Temps and Ample Supplies

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

June Nymex natural gas (NGM23) on Wednesday closed down -0.044 (-1.99%).

Jun nat-gas on Wednesday tumbled to a 3-week low and closed moderately lower.    A mild U.S. weather outlook that would curb heating demand for nat-gas is undercutting prices.  Forecaster Atmospheric G2 said above-normal temperatures are expected across the central and southern U.S. states, and seasonally warm temperatures are expected across the eastern U.S. through the middle of May.  Also, Wednesday's sell-off in European nat-gas prices to a 1-3/4 year low weighed on U.S. nat-gas prices.

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