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Barchart
Rich Asplund

Nat-Gas Prices Plunge on Above-Normal US Weather Forecasts

United States Atmospheric G2 Nymex BNEF EIA Natural Gas

November Nymex natural gas (NGX24) on Wednesday closed down by -0.131 (-5.24%).

Nov nat-gas prices Wednesday sold off sharply to a 1-month nearest-futures low on forecasts for mild US autumn weather, which will reduce heating demand for nat-gas.  Forecaster Atmospheric G2 said Wednesday that weather models have shifted to above-normal temperatures for most of the US from October 21-25.

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