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Rich Asplund

Nat-Gas Prices Retreat as US Weather Forecasts Cool

United States Nymex Vaisala Electricity BNEF Natural Gas

September Nymex natural gas (NGU25) on Monday closed down -0.036 (-1.20%).

Sep nat-gas prices on Monday tumbled to a 3.5-month low. Forecasts for cooler US temperatures, which will reduce natural-gas demand from electricity providers to power air conditioning, are undercutting natural-gas prices. Forecaster Vaisala said Monday that forecasts shifted cooler over the eastern US for August 16-20.

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