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Rich Asplund

Nat-Gas Prices Plunge on Cooler Weather Forecasts and Higher US Production

United States Atmospheric G2 EIA BNEF Natural Gas

September Nymex natural gas (NGU25) on Tuesday closed down -0.124 (-4.29%).

Sep nat-gas prices on Tuesday plunged to a 9.25-month nearest-futures low and settled sharply lower on forecasts for cooler US weather and the outlook for higher US nat-gas production.  Forecaster Atmospheric G2 said Tuesday that forecasts shifted cooler across the eastern two-thirds of the US and Southwest for August 24-29, which will curb nat-gas demand from electricity providers to power air conditioning.

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