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Rich Asplund

Nat-Gas Prices Pressured by the Outlook for Cooler US Temps

United States BNEF EIA Electricity Natural Gas

July Nymex natural gas (NGN25) on Wednesday closed down by -0.131 (-3.70%).

July nat-gas prices on Wednesday extended this week's slide and fell to a 2-week low. Prices are lower on forecasts for cooling US temperatures and the outlook for US nat-gas supplies to remain plentiful. The Commodity Weather Group said Wednesday that the outlook is for a cool-down in the eastern half of the US for the later period of June 20-July 4 behind a cold front, which should curb nat-gas demand from electricity providers to run air conditioning.

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