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Barchart
Rich Asplund

Nat-Gas Prices Fall on Warm US Temps and Higher US Production

United States G2 Nymex Baker Hughes BNEF EIA Natural Gas

December Nymex natural gas (NGZ25) on Friday closed down -0.042 (-0.96%).

Dec nat-gas prices settled lower on Friday as forecasts of mild US weather could curb heating demand for nat-gas.  Forecaster G2 said Friday that warmer-than-normal temperatures are expected in the western two-thirds of the US for November 12-16 and are expected to remain above-normal for November 17-21.  Nat-gas prices extended their losses Friday on the outlook for higher US nat-gas production after a weekly report from Baker Hughes showed active US nat-gas rigs increased to a 2.25-year high.

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