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Barchart
Rich Asplund

Nat-Gas Prices Sink as Above-Normal Temps Spread Across the U.S.

Commodity Weather Group Nymex United States BNEF Natural Gas

December Nymex natural gas (NGZ23) on Tuesday closed down -0.124 (-3.80%).

Nat-gas prices Tuesday fell sharply for the second straight day and posted a 2-week low.  Warmer than normal U.S. temperatures are reducing heating demand for nat gas and are weighing on prices.  The Commodity Weather Group Tuesday said widespread above-normal temperatures are seen in the central U.S. and South through Nov 16, with warmer temperatures spreading to the East Nov 17-21.

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