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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Sink on the Outlook for Cooler US Temps

July Nymex natural gas (NGN24) on Wednesday closed down by -0.128 (-4.64%).  

July nat-gas prices Wednesday sold off to a 3-week low and closed sharply lower.  Nat-gas prices tumbled Wednesday as US weather forecasts shifted cooler, which will reduce nat-gas demand from electricity providers to power air-conditioning.  Atmospheric G2 said weather forecasts turned cooler in the eastern and north-central parts of the US for July 1-5.

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