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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Plummet as US Weather Forecasts Warm

United States Nymex BNEF Natural Gas

February Nymex natural gas (NGG25) on Monday closed down sharply by -0.330 (-8.19%).

Feb nat-gas prices Monday plummeted to a 2-week low and closed sharply lower.  The outlook for warmer US temperatures early next month that will reduce heating demand for nat-gas hammered prices Monday when the Commodity Weather Group said that forecasts moved warmer for the central part of the US  for February 1-5.  

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