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Barchart
Rich Asplund

Nat-Gas Prices Retreat as US Weather Forecasts Cool

United States Nymex The Commodity Weather Group BNEF Electricity Freeport Natural Gas

June Nymex natural gas (NGM24) on Tuesday closed down -0.080 (-2.91%).

June nat-gas prices Tuesday fell back from a 4-month nearest-futures high and closed moderately lower.  A mixed weather outlook sparked long liquidation in nat-gas prices Tuesday after the Commodity Weather Group said forecasts for the eastern part of the US would move cooler from May 26-30, curbing electricity demand for air-conditioning usage.  Nat-gas prices Tuesday initially rallied to a 4-month high on forecasts for the southern third of the US to see well above-normal temperatures from May 24-31, with excessive heat in Texas.  

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