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Barchart
Rich Asplund

Nat-Gas Prices Give Up Early Gains on the Outlook for Normal U.S. Temps

United States Nymex Electricity BNEF Natural Gas

June Nymex natural gas (NGM23) on Tuesday closed up +0.001 (+0.04%).

Jun nat-gas on Tuesday fell back from a 2-week high and closed little changed.  Nat-gas prices retreated as updated weather forecasts call for normal temperatures in the southern and eastern U.S. next week, which will curb air-conditioning usage and require less nat-gas usage by electricity providers.  Also, a decline in European nat-gas prices Tuesday to a 1-3/4 year low weighed on U.S. nat-gas prices.

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