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Rich Asplund

Nat-Gas Prices Plunge as U.S. Weather Forecasts Turn Warmer

Maxar Technologies Nymex United States BNEF Natural Gas

December Nymex natural gas (NGZ23) on Monday closed down -0.251 (-7.14%).

Nat-gas prices Monday sold off sharply and posted a 2-week low. Warmer than normal U.S. temperatures are reducing heating demand for nat gas and are weighing on prices. Forecaster Maxar Technologies said weather forecasts are trending warmer east of the Rocky Mountains due to a lack of an Arctic blocking pattern, and temperatures will be above normal from Nov 11-15.

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