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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Plunge on Forecasts for Above-Average U.S. Temps

Maxar Technologies Nymex United States BNEF EIA Natural Gas

January Nymex natural gas (NGF24) on Wednesday closed down -0.141 (-5.20%).

Nat-gas prices Wednesday sold off sharply and posted a 3-month low.  Nat-gas prices fell on updated weather forecasts calling for above-average temperatures that would reduce heating demand for nat-gas.  Forecaster Maxar Technologies said Wednesday that U.S. weather forecasts are shifting warmer "pretty much across the board" for the U.S. from Dec 11-15.  

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