January Nymex natural gas (NGF26) on Friday closed down by -0.118 (-2.79%).
Jan nat-gas prices extended this week's sharp sell-off on Friday, sinking to a 6-week low. US weather forecasts calling for warmer-than-normal temperatures across a large part of the country will potentially reduce heating demand and have sparked long liquidation pressures in nat-gas futures. Forecaster Atmospheric G2 said Friday that above-normal temperatures are forecast to expand over the western, central, and southern US for December 17-21, and widespread above-average warmth is forecast over the southern half of the country for December 22-26.
