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Barchart
Rich Asplund

Nat-Gas Prices Plummet as US Weather Forecasts Turn Warmer

United States Nymex Natural Gas BNEF

December Nymex natural gas (NGZ24) on Friday closed sharply lower by -0.210 (-6.29%)

Dec nat-gas prices Friday retreated from a 1-year nearest-futures high and settled sharply lower.  The shift in US weather forecasts on Friday to warmer from below-normal will reduce heating demand for gas and also sparked long liquidation in nat-gas futures.  On Friday, the Commodity Weather Group said forecasts turned warmer for the west and central parts of the US from December 2-6.  

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