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Rich Asplund

Nat-Gas Prices Hammered by Warmer US Weather Forecasts

United States Nymex BNEF EIA Natural Gas

January Nymex natural gas (NGF26) on Tuesday closed down sharply by -0.338 (-6.88%).

Jan nat-gas prices sold off sharply on Tuesday for a second day, sinking to a 1-week low. Forecasts of warmer US weather, which will reduce nat-gas heating demand, have prompted heavy liquidation in nat-gas futures. Forecaster Atmospheric G2 said Tuesday that forecasts have shifted mainly warmer across the US for December 14-18, especially in the central US, and will remain above-normal for December 19-23.

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