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Rich Asplund

Nat-Gas Prices Plummet on Warmer US Temps and Increased Storage

United States Nymex EIA BNEF Natural Gas

February Nymex natural gas (NGG26) on Wednesday closed down sharply by -0.299 (-8.75%),

Feb nat-gas prices plummeted to a 3-month nearest-futures low on Wednesday and settled sharply lower as US temperatures warm and LNG supplies build.  The midday update to the Global Forecast System weather model on Wednesday shifted warmer across the eastern half of the US for the January 24-28 period, potentially reducing nat gas heating demand.  

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