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Rich Asplund

Nat-Gas Prices Pressured by Cooling Summer Weather and Abundant US Supplies

United States Atmospheric G2 EIA Nymex BNEF Natural Gas

September Nymex natural gas (NGU25) on Wednesday closed down -0.014 (-0.51%).

Sep nat-gas prices on Wednesday settled lower and matched Tuesday's 9.25-month nearest-futures low.  Nat-gas prices have retreated over the past month as summer weather cooled and the US boosted its nat-gas production.  Forecaster Atmospheric G2 said Wednesday that forecasts shifted cooler across most of the US for August 25-29, which will curb nat-gas demand from electricity providers to power air conditioning.

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