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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Retreat on Ample Supplies and Lackluster Demand

United States Nymex BNEF EIA Natural Gas

October Nymex natural gas (NGV25) on Friday closed down -0.069 (-2.38%).

Oct nat-gas retreated on Friday due to ample storage and warming forecasts for October, which lowers the chances of early-season heating demand for nat-gas.  As of September 19, nat-gas inventories were +6.1% above their 5-year seasonal average, signaling abundant nat-gas supplies.  

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