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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Retreat on Warm US Weather and Ample Supply

December Nymex natural gas (NGZ24) on Thursday closed down sharply by -0.138 (-4.85%)

Dec nat-gas prices on Thursday sold off sharply on warm US weather and a larger-than-average build in weekly nat-gas supplies.  Nat-gas prices have plunged this week on warmer-than-normal weather forecasts for the US, which would reduce heating demand for nat-gas.  On Thursday, the Commodity Weather Group said that forecasts have shifted warmer for most of the US for November 5-9.

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