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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Sink as Warm Winter Temps Engulf the U.S.

United States Commodity Weather Group Nymex BNEF Natural Gas

March Nymex natural gas (NGH24) on Friday closed -0.129 (-7.45%).

Nat-gas prices on Friday closed sharply lower as a shift in U.S. weather forecasts to warmer sent nat-gas prices tumbling.  The Commodity Weather Group said "strong warmth" is expected for the mid-western to the eastern parts of the U.S. from March 4-8, reducing heating demand for nat-gas and keeping supplies elevated.   U.S. nat-gas prices also had some negative carryover from a fall in European nat-gas prices Friday to a 2-3/4 year low.

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