May Nymex natural gas (NGK23) on Wednesday closed down -0.191 (-8.28%).
May nat-gas prices Wednesday fell sharply to a 1-1/2 week low on ample supplies and soft demand. Also, forecasts for above-normal U.S. temperatures that will curb heating demand for nat-gas are undercutting prices after Atmospheric G2 said above-normal temperatures over the interior West are seen spreading to the northern and central U.S. at the end of next week. Nat-gas prices were also under pressure Wednesday on negative carryover from a fall in European nat-gas prices to a 5-week low.
