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Rich Asplund

Nat-Gas Prices Retreat on Larger Inventories and Warmer US Weather

United States Gas Prices April Nymex Natural Gas EIA BNEF

April Nymex natural gas (NGJ26) on Thursday closed down by -0.041 (-1.43%).

April nat-gas prices tumbled to a 5-month nearest-futures low on Thursday and settled sharply lower.   Gas prices retreated on Thursday on a below-average draw in weekly inventories and a warmer US weather outlook, potentially reducing nat-gas heating demand.  Thursday's weekly EIA nat-gas inventories fell by -52 bcf for the week ended February 20, a much smaller draw than the five-year average for the week of -168 bcf.  

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