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Barchart
Rich Asplund

Nat-Gas Prices Plunge on Above-Normal US Temps

United States Atmospheric G2 Nymex BNEF Natural Gas

May Nymex natural gas (NGK25) on Monday closed down by -0.229 (-7.06%).

May nat-gas prices plunged to a 2-3/4 month low on Monday and settled sharply lower.  Forecasts for warmer US temperatures that curb heating demand and allow inventories to rebuild are weighing on nat-gas prices.  Forecaster Atmospheric G2 said Monday that temperatures in the eastern half of the US will be well above normal for April 26-30.  Losses in nat-gas prices accelerated Monday after prices fell below the 200-day moving average, triggering technical selling.

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