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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Plunge on Tariff Fallout and Warmer US Temps

United States Nymex BNEF Natural Gas

May Nymex natural gas (NGK25) on Friday closed down -0.301 (-7.27%).

May nat-gas prices plunged to a 1-week low Friday on global trade war concerns and forecasts for warmer US temperatures, which could curb heating demand for nat-gas.  Trade war concerns hammered equity markets for the past two days and sparked risk-off sentiment in asset markets, undercutting nat-gas prices.  Also, the Commodity Weather Group said Friday that forecasts for the eastern half of the US shifted warmer for April 14-18.  

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