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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Pressured by Above-Normal US Weather Forecasts

November Nymex natural gas (NGX24) on Friday closed down by -0.089 (-3.79%).

Nov nat-gas prices on Friday extended their two-week-long selloff and posted a 1-month nearest-futures low.  The outlook for above-normal US temperatures that will reduce heating demand for nat-gas is weighing on nat-gas prices.  The National Weather Service said Friday that temperatures across most of the lower 48 states will be well above normal for the rest of October.

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