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Rich Asplund

Nat-Gas Prices Give Up Early Gains as US Weather Forecasts Turn Cooler

United States Sep Nymex Electricity EIA BNEF Natural Gas

Sep Nymex natural gas (NGU24) on Thursday closed down -0.068 (-3.34%).

Sep nat-gas prices on Thursday gave up an early advance and fell to a new 3-month nearest futures low.  Forecasts for cooler US temperatures that will reduce nat-gas demand from electricity providers to power air conditioning undercut prices.  Forecaster Maxar Technologies said Thursday that cooler weather is expected in the Northeast and the northern Midwest from August 8-15.    

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