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Rich Asplund

Nat-Gas Prices Sink as Cooler US Temps Dampen Nat-Gas Demand

United States EIA BNEF Natural Gas

September Nymex natural gas (NGU25) on Friday closed down -0.128 (-4.53%).

Sep nat-gas prices sank to a 9.5-month nearest-futures low Friday and settled sharply lower on the prospects of cooler US temperatures reducing demand for nat-gas to power air conditioning. On Friday, Forecaster Atmospheric G2 said that forecasts shifted cooler in the eastern and southern US for August 27-31, and shifted cooler across the middle of the country for September 1-5.

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