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Rich Asplund

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

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG26) on Tuesday closed down -0.014 (-0.35%),

Feb nat-gas on Tuesday gave up an early advance and settled lower after forecasts for warmer US weather signaled reduced heating demand for nat-gas and sparked long liquidation in nat-gas futures.  Forecaster Atmospheric G2 said Tuesday that forecasts shifted warmer over much of the central and eastern US for January 4-8.  Also, temperatures trended warmer over the eastern US for January 9-13.  

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