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Rich Asplund

Nat-Gas Prices Retreat as Warm Weather Spreads Across the US

United States Nymex BNEF Natural Gas

February Nymex natural gas (NGG25) on Tuesday closed down sharply by -0.226 (-6.11%).

Feb nat-gas prices Tuesday fell sharply for a second day and posted a 2-1/2 week low.  Nat-gas prices are under pressure as weather forecasts have warmed for most of the US for early next month, which will curb heating demand for nat-gas.  Forecaster Maxar Technologies said Tuesday that the eastern half of the US will see above-normal temperatures for February 7-11.

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