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Rich Asplund

Nat-Gas Prices Pressured by Cooler US Weather Forecasts

United States Maxar Technologies Nymex Electricity BNEF Natural Gas

August Nymex natural gas (NGQ24) on Monday closed down by -0.123 (-4.73%).

Aug nat-gas prices Monday fell sharply to a 5-week low. Nat-gas prices are being pressured by the outlook for cooler US temperatures, which will curb nat-gas demand from electricity providers to run air-conditioning. Forecaster Maxar Technologies said Monday that forecasts are trending cooler for the central part of the US from July 6-10.

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