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Barchart
Rich Asplund

Nat-Gas Prices Retreat on Shift of Tropical Storms Away from the Gulf of Mexico

Gulf of Mexico United States Nymex BNEF Electricity Natural Gas

November Nymex natural gas (NGX24) on Friday closed down by -0.116 (-3.91%).

Nov nat-gas prices Friday retreated from a 3-3/4 month high and sold off sharply on the outlook for tropical storms to move away from the Gulf of Mexico, easing concern about a disruption to US nat-gas production.  BOK Financial Securities said Friday that tropical storm activity in the Gulf of Mexico poses less of a threat to US nat-gas infrastructure as storms in the Atlantic are taking an eastward heading and moving away from the Gulf of Mexico.  

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