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Rich Asplund

Nat-Gas Prices Plummet as US Weather Forecasts Warm

United States Atmospheric G2 Nymex EIA BNEF Natural Gas

January Nymex natural gas (NGF26) on Thursday closed down sharply by -0.364 (-7.92%).

Jan nat-gas prices plunged to a 5-week low on Thursday and settled sharply lower.  The outlook for warmer US weather, which will reduce nat-gas heating demand, is hammering prices.   Forecaster Atmospheric G2 said Thursday that forecasts shifted warmer across the southern and eastern US for December 16-20, and the outlook has trended warmer for most of the US for December 21-25.  

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