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Rich Asplund

Nat-Gas Prices Sink on Above-Normal US Temps

United States Nymex BNEF EIA Natural Gas

January Nymex natural gas (NGF26) on Tuesday closed down by -0.126 (-3.14%).

Jan nat-gas prices retreated to a 7-week low on Tuesday and settled sharply lower.  Since posting a 3-year high on December 5, nat-gas prices have been in freefall as warmer US weather has curbed heating demand and allowed nat-gas storage to rebuild.  Forecaster Atmospheric G2 said Tuesday that much warmer-than-normal temperatures are expected over the western and southern US for December 21-25.  Also, forecasts shifted warmer across most of the US for December 26-30.

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