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Rich Asplund

Nat-Gas Prices Settle Lower on Forecasts for Cooler US Temps

United States Atmospheric G2 Nymex EIA Electricity BNEF Natural Gas

September Nymex natural gas (NGU25) on Monday closed down -0.026 (-0.89%).

Sep nat-gas prices on Monday settled lower on forecasts for cooler-than-normal US temperatures for mid to late August, which will reduce nat-gas demand from electricity providers to power air conditioning.  Forecaster Atmospheric G2 said Monday that forecasts shifted cooler across the eastern two-thirds of the US and Southwest for August 23-27.

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